As predicted quite a while ago. There was no sign for strength to go Long. Next possible target is 1.335
Comment:
Also bear in mind, if our count is correct current position is the utmost weakest, as we are talking about 3rd of 3rd down. Wait to see how current support (red dotted line on chart) will hold. This shall give an excellent indication for Strength. Remember always trade the Strength! Good Trades
Comment:
Do NOT LONG USDCAD!! Target 1.33 remains. Shorts can be entered.
Comment:
Target1 did NOT even hold. Huge weakness in USD. tHIS WAS A SIGNIFICANT support. A huge loss day for USD against most of the currencies and certainly CAD. This is the 3rd of the 3rd folks. Enjoy your short ride.
