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KristianStefanov
Jan 7, 2017 4:01 PM

USDCAD SELL Short

U.S. Dollar/Canadian DollarFXCM

Description

Since 5-6 weeks I became a great fan of Elliott Waves theory. However i'm pritty new in this. So I would appreciate ctiticism.
This is an absolute Elliot's Wave classic IMPULSE with classic ABC correction.
I believe there would be one more up to about FIB 0.618 before the corrective wave c is in action.
SELL after price is denied from the zone 1.3869 - 1.3700.
SL - 50-60 pips abouve the highest point of the zone.
Target 1 - 13464
Target 2 - 1.2410(long term)

Comment



The potential last move UP should develop till END of January.
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