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.
Nice count! Thanks! I do agree
Went right up to your B
+1 Reply
we should consider correction when false top at 1.40 will be taken

this is how i am counting
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!
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.
piphunters BuySellBuySell
rejection or failure to test the highs once more, I am also watching closely movement oil in regard to this.
+1 Reply
on your wave count the 3rd wave was the shortest which shall not be according to Elliott wave, regards,
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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