USDCAD - 1HR - Wave 5
Wave 5 is about to commence. As wave 3 completed within 161.8% fib level, we should expect wave 5 to be extended. Therefore look to bank profit at 61.8% fib level and above. Entry signal = price closing above Alligator, >2 consecutive bullish Ashi candles, CCI(14) in > 0 and EWO commenced wave 5.
Order cancelled
As wave 4 has overlapped into wave 1 territory the trade is now invalidated.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.