FullTimeTrader

USDCAD-is forming a perfect expanding ending diagonal

FX:USDCAD   U.S. Dollar/Canadian Dollar
896 15 16
Very nice, this count shows that price is forming an expanding ending diagonal with perfect relationships:

- wave 3 = 1.61 wave 1
- wave 4= 1.61 wave 2

Now final wave 5 is unfolding. This wave usually fails to reach the upper trendline .

The turning point is near!!!

Regards.

Rebounds

catabondu
short
catabondu about USDCAD 2 years ago
IvanLabrie PRO
2 years ago
This would be a weird occurrence, but if valid, great stuff.
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tupaitrader
2 years ago
maybe we can make a desicion on 1.3355 area....wheather it breaks or show some rejection....i think this will be a good example for me...bcoz i never counting the expanding diagonal formation before this...thanks man..
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FullTimeTrader tupaitrader
2 years ago
Hello, i wanto to trade this pair long term. On D1 chart the uptrend is still intact. My prefered area for a long term short is the figure 1.3500 according to my long term analysis. This pattern will have "the right look" if price gets to that zone. Regards.
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catabondu
2 years ago
We have the same final destination, but different scenario. I like you analysis, I like your skills.

short
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FullTimeTrader catabondu
2 years ago
hello, im also trading that big crab, its confirmed by other analysis. good luck.
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URIFX
2 years ago
I just concern about the wave 4 that overlapped wave 1. I will not count these waves in one higher level wave. However, I also looking for moving up from bottom.
USDCAD: Repeat a corrective pattern again

Thanks
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URIFX URIFX
2 years ago
Sorry FuntimeTrader, I don't read the title "PERFECT EXPANDING ENDING DIAGONAL" but I cannot delete my comment. :D
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FullTimeTrader URIFX
2 years ago
No problem, seems your trade is going in your favor, well done. As i said i want to catch the long term decline. Regards.
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aibek
2 years ago
Hey FullTimeTrader!
USDCAD heard about your ED and escaped beforehand not to be caught )))))! Nice charts! Thanks!
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aibek aibek
2 years ago
if its ABC wave up then C=A will get to your target I guess around 1.3380
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FullTimeTrader aibek
2 years ago
Difficult to say right now, if the price breaks the trendline on my chart i will consider other options. Regards.
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aibek FullTimeTrader
2 years ago
Didn't watch loonie for several months, updated, here is my view if you don't mind, by the way many thanks for AO oscillator (never heard shame on me).

snapshot
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aibek aibek
2 years ago
this picture correlates with USoil as it is rising as cad does now. And oil has super-extended wave 3 either.
snapshot
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FullTimeTrader aibek
2 years ago
No problems, i have some alternate counts here and yours is one of them. The correlation is useful but not to the pip. Lets see next days. Regards.
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griffin1989
2 years ago
i'am also preparing to go short long term. my entry would be at 1.33530
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