KVE

USD/CAD weekly: At the bullish trendline!

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
118 0 8
Not sure about all the levels and degrees of these bullish Elliott motive waves, this is one of many possible cuonts imo             ...

Has this finished a wave (a) correction (possible (b) wave up from the trendline?) or will it go straight further down?

Looking if the trendline will hold is key!

A break and hold below will get me short towards 1.34 first where we may find support at the previous wave 3 top, and further down to the 1.30 - 1.28 level (end of previous wave 4).
Depending on what level of EW correction this is it may continue deep into the 1.28-1.20 level (higher degree 4th wave territory).

CONCLUSION: NEUTRAL, waiting for confirmation before I proceed!
Comment: Daily breakout below the trendline! Watch the support level
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out