TradingView
TradingEW
Feb 16, 2016 2:49 AM

USDCAD LONG setup of the month  Long

U.S. Dollar/Canadian DollarFXCM

Description

This pair completed an abc zigzag correction 4 at a Fib retracement level and resumed on 5.
Now setting up on deep retracement wave (2), with buy limit @ 1.3765, SL @ invalidation of lower channel line for better R/R.

Trade closed: stop reached

Comments
TradingEW
Extending it's correction 4 further down, while the prospect of resuming trend is still UP.
TradingEW
Update & waiting confirmation of reversal:
More