DavidMarcy_TradeHuntFx
Long

USDCAD - Short and then Long (DAILY)

FX:USDCAD   U.S. Dollar / Canadian Dollar
Wave patterns have provided us with a complex counter trend of multiple wave runs but I think I now have a trading plan. We saw a nice 61.8 retracement on the most recent (c)-(d) boundary which will fail to form its 5th wave in confluence of the trendline . A hold of this and we can enter the trade long with a good risk to reward. Alternatively, aggressive traders could enter short at the next signal with TP on the ascending trend line .
if we break below the trendline and then yes bias will switch to the downside. 1.115 is a long way off...
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what for is this long .. i am short lol its down to 1.115
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