In the first scenario where C-wave developing -USDCAD could go below 1.3189 lows & even below 1.3135 lows -these places should be used to book profits depending on your strategy.
if larger 3rd wave has started from 1.3135 lows then also we will see some correction from current firstname.lastname@example.org to 1.3189- likely to take support & bounce for upside move.
In both the cases -USDCAD is looking for an upside move, but with small interruptions as discussed above.
As expected USDCAD to drop first atleast till 1.3189 - made a recent email@example.com
As expected a fall from 1.3235 to 1.3135 or close by -Made a firstname.lastname@example.org & Bounced as shown, currently trading at 1.3190 - we are running with 150 pips approx + & expecting a rally beyond 1.3243 with 1.3135 as crucial support.
Looking for the zone 1.3390-1.3400 & Above 1.3415-1.3420 for 1.3500-1.3550 which will complete A-B-C a larger sequence & then a fall again
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ