wayusa

Final wave in USDCAD triple three correction

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Buy FX:USDCAD into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :)

Buy 1.3170
Stop 1.3140
Target1 1.3430
Target2 1.3670
Target3 1.3830
Trade active: buy @ 1.3163
stop @ 1.3140
Trade closed: stop reached
Comment: Interesting price action here. 100 weekly MA gets rejected, establishing new price channel. Which means bullish set up is still possible.

Comment: Potential long entry @1.3250 at Butterfly Harmonic pattern 1.27 XA ext. near 0.382 previous bull run retracement level

Comment: Excellent example of harmonic setup initial reaction, but later continuation of the predominant trend. Quick little profit secured.

Comments

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