USD/CAD IS TRADING WITHIN BIG WAVE C ON WEEKLY CHART, USUALLY WAVE C IS DOWN IN THE SHAPE OF 5 IMPULSIVE WAVES
AFTER THREE CORRECTIVE WAVES ARE DONE WE WAIT NOW WAVE 2 AT 1.3005 TO SHORT TARGETING BIG WAVE C AT 100% FIBO LEVEL AT 1.1500.
FOR SHORT TERM PROFITS WE CAN CLOSE OUR SHORTS AT 1.2100.
STOP LOSS IS ONLY 130 PIPS AT 1.3135 SO THE RISK TO REWARD RATIO IS...