Get started
UnknownUnicorn5158708

USDCAD: Key Resistance at 1.4700. Watch For Sell.

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
UnknownUnicorn5158708 Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Elliott Wave Wave Analysis Fibonacci elliotwaveanalysis elliottwaveforecasts usdcadshort usdcadsell usdcadanalysis usdcadsetup usdcadidea
9
0
elliottwaves waveanalysis fibonacci elliotwaveanalysis elliottwaveforecasts usdcadshort usdcadsell usdcadanalysis usdcadsetup usdcadidea
Hi traders,

Price has reached a critical sell zone @ 1.4700 and is making a case for a WXY regular flat. What is also interesting to note is that we're testing the high from 18 January 2016.
Be sure to manage risk and stick to your strategy when looking for any short positions.


Regards
Wave Theorist
Comment:
Sell setup on the H4
snapshot
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.