Long

Final wave in USDCAD triple three correction

Updated

Buy into potential wave C to complete triple three correction and form a three drives pattern @ 1.3830. Still, might not complete this one as it looks too perfect to materialize :)

Buy 1.3170
Stop 1.3140
Target1 1.3430
Target2 1.3670
Target3 1.3830

Trade active

buy @ 1.3163
stop @ 1.3140

Trade closed: stop reached

Note

Interesting price action here. 100 weekly MA gets rejected, establishing new price channel. Which means bullish set up is still possible.

Note

Potential long entry @1.3250 at Butterfly Harmonic pattern 1.27 XA ext. near 0.382 previous bull run retracement level

Note

Excellent example of harmonic setup initial reaction, but later continuation of the predominant trend. Quick little profit secured.

wayusa

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