traderWgun
Short

AUDCAD UPDATE - flat done, new lows next?

FX:AUDCAD   Australian Dollar/Canadian Dollar
62 0 1
4 months ago
This is an update for my previous idea:
Expecting a decent bounce soon

Even though the count was incorrect, we did get a decent bounce higher.
It looks like the bounce from .9150 lows was a wave C in a flat wave (X),
with a failed wave 5.

Now we should have started wave (Y) to take us below the .9000 mark.

As we stay below last weeks high, and more importantly, wave (X) high,
we should see new weekly lows in this pair over the coming mouths ahead.

Disclaimer: http://www.traderwgun.com/?page_id=26

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Mail: traderwgun1@gmail.com

Good luck!
4 months ago
Trade closed: stop reached

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