Description
⋅ 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
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
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