USDCAD Big Picture and Elliot Wave count by HarmonicTrader
Hi all,
That is not investment advice
As you know we shared wti /usoil 1 month short trade setup three days ago
USDCAD has reversal correlaction against USOIL
Please check the link as given below that I shared on 18 March 2019
That is elliot wave count and long term analysis of USDCAD parity
RSI has been into the negative divergence since 1980 and as you can see big 5 is completed in 2002
Then you can see all details about ABC correction on 1 montj graph
From now on we expecting Big B of Big ABC to be completed
If we talk about big B , a is completed 2008, b is completed 2011, now fifth wave is going to complete of c wave
As you can see, fifth wave of c wave still is not be over the third wave, the higher price of candle is 1.46899 on monthly graph
When we analyse fibonnachi retracement levels, 0.786 retracement level of A wave has already been completed by B wave. Yeah that is Flat Correction.
From now we dont know about the 0ç786 retracement level is enought or not because of the possibilities of Flat correction types.
until the end of this month When the price is above the 1.46899, watch 1 monht USDCAD graph an eagle eye
Next month we have three options
1) If abc correciton of B breaks the A wave, we will be expecting for expanded/irregular or runnig flat, In this case expecting big C cannot break A wave (0.905090)
2) If abc correction of B doesnot break the A wave that's mean 0.786 or 0.886 is OK for ending B wave , we will be expecting for Contracting/Symmetrical or Regular flat. In this case expecting big C breaks to the A wave (0.905090)
please press play button In order to view all details.
That's it for today but before you go please like the analysis and leave a comment or ask your questions
Harmonic Trader.
That is not investment advice
As you know we shared wti /usoil 1 month short trade setup three days ago
USDCAD has reversal correlaction against USOIL
Please check the link as given below that I shared on 18 March 2019
That is elliot wave count and long term analysis of USDCAD parity
RSI has been into the negative divergence since 1980 and as you can see big 5 is completed in 2002
Then you can see all details about ABC correction on 1 montj graph
From now on we expecting Big B of Big ABC to be completed
If we talk about big B , a is completed 2008, b is completed 2011, now fifth wave is going to complete of c wave
As you can see, fifth wave of c wave still is not be over the third wave, the higher price of candle is 1.46899 on monthly graph
When we analyse fibonnachi retracement levels, 0.786 retracement level of A wave has already been completed by B wave. Yeah that is Flat Correction.
From now we dont know about the 0ç786 retracement level is enought or not because of the possibilities of Flat correction types.
until the end of this month When the price is above the 1.46899, watch 1 monht USDCAD graph an eagle eye
Next month we have three options
1) If abc correciton of B breaks the A wave, we will be expecting for expanded/irregular or runnig flat, In this case expecting big C cannot break A wave (0.905090)
2) If abc correction of B doesnot break the A wave that's mean 0.786 or 0.886 is OK for ending B wave , we will be expecting for Contracting/Symmetrical or Regular flat. In this case expecting big C breaks to the A wave (0.905090)
please press play button In order to view all details.
That's it for today but before you go please like the analysis and leave a comment or ask your questions
Harmonic Trader.
