0810 USDCAD looking down to 1.28000-1.29500

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD now is showing us a possibility of building a double top beneath the red resistance zone .

Actually this is quite possible. Because is has just finished a 7-wave trend on weekly long-term chart. A 7-wave trend has a very high possibility of reversal.

So now we consider the end of 7th wave is also the 1st wave of the new downtrend. USDCAD could make its 4th wave end beneath the red zone and start its 5th wave of the downtrend down to 1.2800-1.29500 zone.

This is a textbook of trend analysis and wave analysis in our CHANNEL ABC STRATEGY. The way we analysis on USDCAD could help us to find out several swing trading opportunities by following the trend.

Now the new trading idea is waiting for signal to short USDCAD on its 5th wave down.


Big promotions for our 2 YEAR ANNIVERSARY. 50% OFF!!!!
Go subscribe now:

Free channel:

Consult signals or courses :
1.Wechat: ziyuvera
2 Tele:
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out