Flat wave (b) Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jun 10, 2014 1:38 PM

In line with my lastest AUDUSD idea, I think we are going to see more
strength for FX commodities against the US dollar.

This price action could also be a triangle (look below for alt. view).

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Comments

dojitrader

⋅ Jun 10, 2014 1:55 PM

I can see the plausibility of your count.
I better tighten my stops ~~~~
Perhaps your red (b) will subdivide into it's own a-b-c
ending around 1.000/20 and make us both right ?

traderWgun

⋅ Jun 10, 2014 4:49 PM

yes your idea could very well be right.
I do not like the 1 hour chart on this pair, much can happen.
but I remain bearish below 1.105

traderWgun

⋅ Jun 10, 2014 1:40 PM

alt triangle count