USD CAD Completing A Wave C Structure ?
This looks like the end of the downtrend for the USDCAD.
Since the previous structure failed to create a lower low we are now reversing into a bullish trend.
Wave C will form a Bullish impulsive wave.
Let's wait for the price to hit the previous low before entering the trade or wait for price to bounce off the bullish trend line
Buy Stop @ 1.2750
Stop loss @ 1.27200
Take Profit@1.29380
Since the previous structure failed to create a lower low we are now reversing into a bullish trend.
Wave C will form a Bullish impulsive wave.
Let's wait for the price to hit the previous low before entering the trade or wait for price to bounce off the bullish trend line
Buy Stop @ 1.2750
Stop loss @ 1.27200
Take Profit@1.29380
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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.