SWING TRADE USDCAD LONG

27 Apr 2018

I believe the correction (3-3-5) has been completed and there should be a short drop and will terminate around the 1.27263 at that point I would enter for long and take profit around 1.32600. Looking at the Oscillators (CCI, RSI, MACD) on the 1D, 4h, 1hr timeframes all seem to say over bought which confirms the drop. I believe that would be the start of wave 2 and wave 3 will go long. I am waiting for it to unfold. Good luck traders.