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!!!



i'am also preparing to go short long term. my entry would be at 1.33530
Hey FullTimeTrader!
USDCAD heard about your ED and escaped beforehand not to be caught )))))! Nice charts! Thanks!
aibek aibek
if its ABC wave up then C=A will get to your target I guess around 1.3380
Difficult to say right now, if the price breaks the trendline on my chart i will consider other options. Regards.
aibek FullTimeTrader
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).

aibek aibek
this picture correlates with USoil as it is rising as cad does now. And oil has super-extended wave 3 either.
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.
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.

Sorry FuntimeTrader, I don't read the title "PERFECT EXPANDING ENDING DIAGONAL" but I cannot delete my comment. :D
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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