FullTimeTrader
Short

USDCAD-correction finished

FX:USDCAD   U.S. Dollar / Canadian Dollar
2248 10 36
Still not late for an entry, it was a big day today!!
I think the correction for this pair is finished after an AB=CD pattern (purple line)
We have also a bearish butterfly already in play.
I will hold this long term, im expecting bad FOMC news and oil             possibly rallying.
Good luck!!

*****************DISCLAMER********************************************************************
Always do your own analysis before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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Hello , what do you Think About What's Going on With This pair?thx
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pete_hef MarkTrader92
Well, it could make a turn soon between 61.8 and 78.6 Retracement. will wait , what Candles looks like. At moment price hits monthly pivot point at 1.3647 This could be happen:
Reply
pete_hef pete_hef
1.32647 Monthly pivot point
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Well. I am not sure if this correction is finished yet! I see 5 waves of an "A-Wave" starting from 1.28231. Thus B and C should coming to complete this correction?
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Hello, thank you for sharing your work, It has been rewarding to see your point of view. Please allow my audacity, what you think of this view?

Best Regards ;)
Reply
pete_hef Trading_Jazz
I Agree!!
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Sitting on my hands no short for me yet.
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I didnt trust the short;)
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Nice move agree 100%
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Great, I shorted it for 30 pips, before it spiked. Covered before going to bed. Now reshorted under yesterday's low.
Let's see how it goes. No tp.
+1 Reply
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