USD/CAD - Bearish Minor C - End of Correction

USD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips.

Previous Articles:

USD/CAD (dollar/loonie) - Elliott Wave - Long Term Forecast - BUY & SELL
USD/CAD-Dollar/Loonie – Bearish Break-Out – Intermediate (C)

Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.

Intermediate (Y) (red) is expected to complete along with Minot C (red).

Minor B (red) Technicals:

61.8% Fibonacci Retracements of Minor A (red)
100% Fibonacci Extensions of Minutes w&x (purple)
150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange)
Decreasing volumes pointing towards an upcoming Bearish Divergence
As you can see, the Fibs are aligning for a possible Bearish outcome.

USD/CAD - SELL Positions:

Moderate Entry @ 1.3100 with SL @ 1.3400
Conservative Entry @ 1.3330 with SL @ 1.3600
Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600

Many pips ahead!

Transaction en cours:

:)

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Sl @ BE

Trade fermée: cible de profit atteinte:

Booking 500 pips!

USDCAD ready to correct. Will return with the SELL later on.

Transaction en cours:

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GO!

Transaction en cours