Hello All,
Looks like we will have a short move on USD/CAD, well at least it looks like
1) Garthley patter completion 1.264
2) Cypher patter completion around 1.27
3) Bounce of Pivot
4) Second retracement wave from main move and price shows signs of revers of 50% Fibs from the second impulse down plus, moreover it's 38% FIb of the main move down.
Main reason to get involved here and aim for at least what's in my opinion the ultimate place to TP to another Pivot is possible, however it's Friday and CAD red news are there. Need to be careful as well, all can spike or move up North very fast. Trade safe and trade the plan =)
Looks like we will have a short move on USD/CAD, well at least it looks like
1) Garthley patter completion 1.264
2) Cypher patter completion around 1.27
3) Bounce of Pivot
4) Second retracement wave from main move and price shows signs of revers of 50% Fibs from the second impulse down plus, moreover it's 38% FIb of the main move down.
Main reason to get involved here and aim for at least what's in my opinion the ultimate place to TP to another Pivot is possible, however it's Friday and CAD red news are there. Need to be careful as well, all can spike or move up North very fast. Trade safe and trade the plan =)