piphunters

USDCAD: SELL THE CORRECTION

FX:USDCAD   U.S. Dollar/Canadian Dollar
A number of factors leads us to believe that the correction may have very well begun presenting an opportunity to short the pair.
Comment: Just noticed when you run the chart there is a number 1 in the bottom right hand side, that should be disregarded as it is not intentional.
Comment: we didn't get the deeper correction as expected as of now.
on your wave count the 3rd wave was the shortest which shall not be according to Elliott wave, regards,
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piphunters abdul5577
3rd wave is not the shortest if you take the origin of wave 1 to start from 1.3415 and end at 1.3621
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Thanks for the analysis. What for you would trigger the entry? I am long from 1.3836 and looking to exit when 3Hr stohastic goes overbought.
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piphunters BuySellBuySell
rejection or failure to test the highs once more, I am also watching closely movement oil in regard to this.
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I'm shorting this pair from 1.39-950. The next good point for entry for me it's appearing at the moment. If you prefer wait for a confirmation because it's not the best risk/reward position but it should not go up much more than this. Good luck!
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IT LOOKS LIKE PRICE CYCLE COMPLETED NEW  TREND EXPECTED
this is how i am counting
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we should consider correction when false top at 1.40 will be taken

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Went right up to your B
+1 Reply
Nice count! Thanks! I do agree
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