kloutt

UC RETRACE just for KICKs

OANDA:USDCAD   U.S. Dollar / Canadian Dollar
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8
219 6
i due this pattern out in chat for MASH....identified the retrace target as 1.32ish in USD/CAD before a major PLUNGE so far so good
500000
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50000
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MASHISUH has called a double bottom at 130500. wave count supports the idea of lower continuation. it appears like we r in a 3rd wave off the top so we may go even lower
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as u can see in the updated chart the retrace failed to reach target which was a clue of weakness however the USDCAD did test the weekly close and tested the support for almost a full day before breaking support and moving toward the 130500 target . several traders called this move in the chat MASHISUH being very firm in her view.
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USD/CAD exhibited strong resistance at 1.3180 which is apparent on the 4hr charts.... my projection was made on a 15min chart so i missed it....so my mistake was to not start my analysis on long timeframes and working down to short timeframes
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