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TRDVMA
Feb 17, 2016 6:07 PM

Alternate USDCAD Analysis Short

U.S. Dollar/Canadian DollarFXCM

Description

I believe this one I favor more to my previous one. However the good thing is that this one does not change the end result. The change is that I have replaced the 1-5 wave with an ABC (IN BLUE COLOR). The reason is that I could not come up with clean 1-5 wave count as this down trend looks very irregular., ABC is a better fit. I still keep the 1-5 wave formation for the B-C leg, as the strength of today's fall justifies the strength of a 3rd wave. Still our target is 1.34 range. Good Trades.
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