USDCAD Swing Trade Opportunity (Sell)
For this setup we have:
-Major 78.6 retracement
-Elliott Wave ABC pattern completion respecting the channel
-Bearish divergence
-Surprisingly good Building Permits data for CAD (6.1% MoM, compared to 3.2% previous and a forecast of -1.0%)
Entries may also be taken once there is a candlestick confirmation.
Aggressive scenario SL: 1.33550
Conservative scenario SL: 1.33850
TP1: 1.32450
TP2: 1.32000
TP3: 1.31550
TP4: 1.31350
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
-Major 78.6 retracement
-Elliott Wave ABC pattern completion respecting the channel
-Bearish divergence
-Surprisingly good Building Permits data for CAD (6.1% MoM, compared to 3.2% previous and a forecast of -1.0%)
Entries may also be taken once there is a candlestick confirmation.
Aggressive scenario SL: 1.33550
Conservative scenario SL: 1.33850
TP1: 1.32450
TP2: 1.32000
TP3: 1.31550
TP4: 1.31350
Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.
Enjoy!
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