USDCAD short idea: Elliottwave Truncated 5th + Ending Diagonals

FX:USDCAD   U.S. Dollar / Canadian Dollar
63 0
Another short USD idea. This time against the CAD.

Using elliott wave analysis, I can see an ending diagonal just finished by yesterday's spike by Saudi Arabia comments.
However, the price failed to push over to 1.3453 third wave high.

This makes me think that a truncated 5th may be the case, therefore a short is appropriate.

Don't forget risk management is 1st thing, trade setup is 2nd. So you don't cook up your trade with bad money management while the analysis is correct.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener 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