Leothegreat
Short

ABC Correction in USD/CAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
35 0 2
We will be shorting 10k at the break to the downside of wave 4 Im going to ride an entire impulse down on the weekly chart we currently have waves 1 and 2 showing and we are in wave 3. Once wave 4 appears we will short in wave c if it is a zigzag or wave e if it is a triangle. Ride wave 5 down and get out of the position. We do not have an exact number but we will be watching closely.
Comment: the 3 wave move to the downside that started March 19th can be wave A of a flat correction. Wave B is underway now and a 5 wave impulse has seemed to just ended that 3 wave move can also be wave 2 of an impulse with wave 3 about to be underway. We are entering a consolidation zone so we have to be aware of that. It is also the End of the Month so we are expecting a sideways move this week Before prices move to the upside.
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