This analysis would be valid only if the USDCAD goes to a new high! If it doesn't then the downside move has already started (depending on our Wolfe Wave analysis) and we recommend to start shorting the pair with the provided stop loss price level.
I SEE THESE TWO CHANCES OF TRADE HERE. I AM VERY SURE THAT THE MARKET WILL BRAKE THE TRIANGLE RIGHT AFTER HITTING ABOUT 5 TIMES THE DOWN SUPPORT LEVEL AS YOU SEE WITH THE 5 ARROWS. LET ME KNOW WHAT YOU THINK!!
WOLF OF PALMA
EURUSD is nearing an important zone, where ADR levels meet MA's, trendline fan levels, and structural support. This is an opportunity to ride the trend up to the 1.3 area with a tight stop if the pair drops further.
Hey traders! This one's a long shot but the risk is low and the setup fits my trading strategy. A bearish wolfe wave is complete after the trendline break was retested. The completion of E is confluent with the B-D parallel which is an indication that the pattern is complete and the trend may reverse. This ...
After the RBNZ announcement cancelled the last NZDCAD short, a new opportunity has presented itself. A bearish WW has formed with the touch of the 2-4 parallel confluent with the 50% retracement level. We also have a potential E point of an expanding triangle complete which may mark a larger reversal from these ...