USDCAD looks to have completed its 5th wave move lower and we have RSI and stochastic divergence.
We favour an ABC correction into 1.3630 where 1.3630 will either be the A or the C.
Entry 1.3415
TP1 - 1.3630 (5:1 reward:risk)
TP2 - 1.3725 (6:1 reward risk)
In reversal we favour phasing in 3x shorts from 1.3412 into 1.3410 and 1.3360 in extension for break even/small profit
We favour an ABC correction into 1.3630 where 1.3630 will either be the A or the C.
Entry 1.3415
TP1 - 1.3630 (5:1 reward:risk)
TP2 - 1.3725 (6:1 reward risk)
In reversal we favour phasing in 3x shorts from 1.3412 into 1.3410 and 1.3360 in extension for break even/small profit
