glennmercer

USDCAD Wave Count: Long @ Potential ((1))-of-iii

Long
glennmercer Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey traders, coming in with an update on USDCAD and a trade on possible wave count with a >2:1 reward/risk ratio. I like the impulsive bullish move toward a potential five wave impulse to complete wave-((b)). After this move, should it complete, I want to look for shorts through a possible ((c))-wave which should be substantial and powerful. Cheers
Order cancelled:
Cancelled after bearish impulse on CAD GDP release

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.