fxmillions

USDCAD 5 wave structure complete on 3 degrees?

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Has the USDCAD topped already? My wave count does say so. By the way I'm already short from 1.39383. But the entry signal was a Bearish Dragon pattern. Nevertheless its a relief to see that my wave count tallies with the trade.
Comment: A break above the 1.4000 level would falsify this count. That would make the combined 3rd and 5th waves marked on the chart a whole 3rd wave, then we could anticipate another wave up.
Comment: Previous comment held true. We had another move up so the end of 5th wave marked was actually the end of 3rd wave. Now we are into the correction. Those who are still bullish on this, dont get caught in the B wave of the correction (suckers wave.)

Happy trading

Comments

will eat my hat if this count works(and 1.40 stays intact)
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fxmillions trader515
Whats yours?
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trader515 fxmillions
when top gets taken ill take closer look
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fxmillions trader515
Its a petty. I thought you had a count that forecast an up move.
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fxmillions trader515
Well, of course if price make an up move then and then only this count will be falsified. Until then, its a valid count as far as I can see. Correct me if Im wrong.
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