ChrisMark
Short

USDCAD 1H Chart.Geo completes, Eyes 1.3300.

FX:USDCAD   U.S. Dollar/Canadian Dollar
Traders,

1- The Geo             (WolfeWave) completed its 5-point target at its ectopic 5' level
A price reversal from Point-5' offers the HIGHEST probability of attainment at a price level corresponding to Point-4 (1.3432).I am looking for further targets at least for 1-4 line (close 1.3300) according to the bigger EW 5) last impulsive wave.

2- Internal Geo's structure developed into a corrective double 5-3-5 pattern typical of Elliott Wave's Double Zig-Zag (WXY) ending at 0.382-Fibonacci retracements of the bigger impulsive wave

3- Internal ab = cd geometry near "Model" target.

4- A Negative Divergence [(-)Divergence) occurs where RSI carves Higher-High against a Lower-High in price] associated with Bearish trending markets, disclose a significant decline.

Trade with discipline.
Best,
Comment: Target Hit
snapshot
Trade closed: target reached
Perfect
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