Once the rising gets broken or prices start moving below 1.2850…look for down …up (to touch the rising & get resistance & fall again to complete the correction in that case my 1st wave is done from the lows of 1.2460 to 1.2951. The running correction shall be pull back wave for even larger up move beyond 1.2951.
I shall be looking for the zone 1.2700—1.2750 as the & once we get confirmation in that zone, we shall look for buying USDCAD for new highs above 1.2951.
Markets are very dynamic & need to analyse every moment- so kindly click like button for me to put more efforts & become market detective –which can help traders to see the path of the instrument & trade wisely not blindly.
Abhishek H.Singh, CMT
Abhishek H. Singh, CMT
India Regional Manager
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ