Hi,
Please refer chart for details.
USDCAD had 5 waves down and current upward movement looks like correction in abc form.
Price retraced to 61.8 fib level of last down move - Price action is supportive, MACD and RSI indicates bearish divergance.
Reward / Risk = 4.6 for this setup.
Trade with care
Gulz
Please refer chart for details.
USDCAD had 5 waves down and current upward movement looks like correction in abc form.
Price retraced to 61.8 fib level of last down move - Price action is supportive, MACD and RSI indicates bearish divergance.
Reward / Risk = 4.6 for this setup.
Trade with care
Gulz
Trade active:
As anticipated downward move is started
Trade active:
60+ PIPS DONE
Comment:
stay with strict stop .. today might be big day for USDCAD
Trade closed: stop reached