WeTradeWAVES

USDCAD expect correction upwards and then down

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
We are seeing another move down in this pair after the small push up next week. We will see how this pair makes upward move first and will keeping moving stops in profit. Once the up move is over we will see if taking sells gives us better risk to reward or not and then we'll decide whether to enter in the sells or not.Looking for long term buys would be wise choice when it's ready.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

If you're a trader who wants to use TradingView to learn more about "Forex Trading & Wave Analysis", make sure to follow us, like and comment.

What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

Trade with care
We Trade Waves

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