USDCAD - 1HR - Wave 5

FX:USDCAD   U.S. Dollar / Canadian Dollar
64 0 5
Wave 5 is about to commence. As wave 3 completed within 161.8% fib level, we should expect wave 5 to be extended. Therefore look to bank profit at 61.8% fib level and above. Entry signal = price closing above Alligator , >2 consecutive bullish Ashi candles, CCI (14) in > 0 and EWO             commenced wave 5.
Order cancelled: As wave 4 has overlapped into wave 1 territory the trade is now invalidated.

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