khatton
Short

UCAD - Possible short about to occur???

FX:USDCAD   U.S. Dollar/Canadian Dollar
I am relatively new to Trading View and I want to share my ideas as much as possible.
Why? Because I might be wrong, and because I want to meet new people who have alternative perspectives.

UCAD Short is what I am currently analysing.

Elliott Wave theory says that 5 waves up are followed by 3 waves down and I want to share this.
I believe price is in the Wave B area and consolidating for another wave lower.
When will this occur? Since this is a weekly chart, there might be a bit of time before it gets under way, but it's always nice to have a heads up and be ready when the Wave C gets fully under way.
I will update you on any new developments as I find them. Thanks for checking out my post.
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