USD/CAD - Bearish Minor C - End of Correction

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips.

Previous Articles:

USD/CAD (dollar/loonie) - Elliott Wave - Long Term Forecast - BUY & SELL
USD/CAD-Dollar/Loonie – Bearish Break-Out – Intermediate (C)

Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.

Intermediate (Y) (red) is expected to complete along with Minot C (red).

Minor B (red) Technicals:

61.8% Fibonacci Retracements of Minor A (red)
100% Fibonacci Extensions of Minutes w&x (purple)
150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange)
Decreasing volumes pointing towards an upcoming Bearish Divergence
As you can see, the Fibs are aligning for a possible Bearish outcome.

USD/CAD - SELL Positions:

Moderate Entry @ 1.3100 with SL @ 1.3400
Conservative Entry @ 1.3330 with SL @ 1.3600
Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600

Many pips ahead!
Trade active: :)
Comment: Sl @ BE
Trade closed: target reached: Booking 500 pips!

USDCAD ready to correct. Will return with the SELL later on.
Trade active:
Comment: GO!
Trade active
Website & Services:

Recommended Broker:
- Free Premium Set-ups
- Free Membership

Telegram Channel:
Private Trading Room -
USD CAD is going to reverse from 1.28?
@yansy84, This view was posted for free with possible entry at 1.3100 and it dropped like a rock approx 600 pips since then. Now it's a bit delicate for me to answer this question because the structure would still allow the second entry to be reached as a final move within Minor B (red) in Minute Y (purple). If you are looking for a sell, you are a bit too late I would say and it would be risky just to take it in the middle like this. Up to you where and if you take it, I don't give advises. I hope you get the point.
+1 Reply
yansy84 Lionheart-EWA
@Lionheart-EWA, thanks.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out