USDCAD - A MEGA Drop Inbound!
Complex is an understatement for USDCAD. As you can see from the chart, we have been meticulous in our analysis.
To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag.
We are currently in subwave 2 and looking for a massive move down to complete the overall WXY correction.
Trade Idea:
- Watch for subwave 2 to complete
- Once at the top of the structure, watch for rejection
- Enter when reversal signs appear
- Targets: 1.34 (400pips), 1.31 (700pips)
Goodluck and as always, trade safe!
To put it plainly. we are in a major WXY correction (3-3-3). We are in the final stretch of the correction (Wave Y), which appears to be a 535 zigzag.
We are currently in subwave 2 and looking for a massive move down to complete the overall WXY correction.
Trade Idea:
- Watch for subwave 2 to complete
- Once at the top of the structure, watch for rejection
- Enter when reversal signs appear
- Targets: 1.34 (400pips), 1.31 (700pips)
Goodluck and as always, trade safe!
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Forex: t.me/Wicktator
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Forex VIP: t.me/WicktatatorVIP_bot
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