VIEW FOR USD/CAD
Market commentary:
1. The wave "X"(blue color) is in progress.In that the intermediate is also in W,X,Y formation.
Mentioned in redcolor.
2. The wave "X" could be either running flat or expanded flat. If it is running flat it has
reverse before the wave "W"(redcolor) expanded means it has break the wave "W"(red color).
3. Understand the correction pattern as a complex correction and it is double correction pattern.
4. This is an update chart and i will be in sell side if it reaches 1.3250-300 zone.
5. Stop has to place above the previous resistance nearly 100 pips from the mentioned SELL zone.
6. Target has to split in two part first maybe 1.2750(running flat) and the second should be 1.2490
(Expanded flat).
7. This is my personnel and i shared this for education purpose only.
1. The wave "X"(blue color) is in progress.In that the intermediate is also in W,X,Y formation.
Mentioned in redcolor.
2. The wave "X" could be either running flat or expanded flat. If it is running flat it has
reverse before the wave "W"(redcolor) expanded means it has break the wave "W"(red color).
3. Understand the correction pattern as a complex correction and it is double correction pattern.
4. This is an update chart and i will be in sell side if it reaches 1.3250-300 zone.
5. Stop has to place above the previous resistance nearly 100 pips from the mentioned SELL zone.
6. Target has to split in two part first maybe 1.2750(running flat) and the second should be 1.2490
(Expanded flat).
7. This is my personnel and i shared this for education purpose only.
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