Hi, in case you guys have already followed me on the last USDCAD chart, please have a look at some extra information about the next movement on USDCAD.
I guess that we are still on wave 3. I would like to see the formation of expanding diagonal pattern in wave 3. Btw, my order on selling USDCAD has been executed. Maybe I will close by the end of the next 3 weeks....
I expect to see the completion of Correction wave A-B-C. Right now, we could be at the end of wave C. However, it could be very problematic if you try to "buy the dip" in this case, because AUDUSD ratio is very close to sp line. The best strategy is just staying out of this such situation and waiting for strong bullish signal.
Hi,
This is another analysis on NZDUSD chart. I could see a decline will happen soon since wave B has just started.
Short would be better in short-term, but wave B is really problematic because of its complicated structure.
Waiting until wave B ends is my strategy!
