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ElliottWaveBelgium

USDCAD - Short with AWSOME Risk/Reward!

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
ElliottWaveBelgium Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Wave Analysis Beyond Technical Analysis USDCAD short riskreward
7
1
trendanalysis waveanalysis beyondta usdcad short riskreward
We got an impulse down followed by a correction higher, meaning lower prices are coming.

Price is currently testing the 78.6% Fib level, if it holds, we should see an impulsive wave to the downside.

This count gets invalidated if goes above 1.3470
Comment:
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Comment:
We need to consider this alternate count, where wave E might have ended.
snapshot
Comment:
1H chart
snapshot
Comment:
Better than expected GDP data from Canada just send this pair down.
Move Stop to break-even at least
snapshot
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