glennmercer

USDCAD Wave Count Update: Possible Sharp Reversal Here

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey traders, here's an update on the wave count for USDCAD. I like the quick powerful rally here followed by corrective structure. Typically, we will see a sharp reversal from this type of move to drop past the original root of the wave. Keep an eye out from a drop from here. After a short bearish impulse, I will open up a short and send an update. Continued rally calls for a re-count. Cheers

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