USDCAD: BEARISH CONTINUATION
Updated
According to elliott wave rule , in an impulse wave 4 cannot intervene into the the territory of the wave 1 . The current structure shows that USDCAD is forming a wave 4 & is likely to end soon. One should go short on any rise keeping SL of 1.2595 & look for the target of 1.2285 and 1.20500 and below.
Trade closed: stop reached
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
tradingsutra.com
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@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
tradingsutra.com
waveutra.com
INSTAGRAM-
instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
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