If the count is correct of course. However also alternate counts indicate that USDCAD is in a Bear trend (in daily proportions) and that there is a good deal of probability for prices to go down to the levels indicated on the chart. Good Trades.
Comment:
still short
Comment:
Short term traders cover your shorts now and wait for the next possible move to down to 1.33
Trade closed: target reached:
Our Targets are all fulfilled. Notice that how the price stuck around our 1st target before advancing down to the second target. Mind you that these targets were set up a month ago when this chart study was published. Nevertheless I updated this chart in terms of wave structure and opted an ABC (SEE Updated more recent studies). What is next? I believe price will start moving around the second target range before the UP move starts. I will let you know. Good trades.
