EuroMotif

USDCAD reaching for 1.4000 by Nov 2018?

Long
EuroMotif Mod Mis à jour   
FX:USDCAD   Dollar Américain / Dollar Canadien
This pair has been trending up already.
Fundamentals are really starting to kick in.
Oil just took a spill, Trump is trumpeting.

Looks like we are well into a Wave 3.
Wave 3's tend to be the most vertical.
After w3, expecting a shallow w4 (due to deep w2)

Fibonacci Ratios are being noticed by the price.
Playing the 618 notes with overtones to full notes.
Notice the 1.618 double top, 0.618 retrace, bounce to 2.0.

Previous fibs also show precise adherence to multiples of 618.
In my theory, every Fib resonance 'rings' for some time after.
Where important fibs overlap, that zone is sure to be important.

NOT in trade yet, waiting for a pullback to enter.
Will update here with smaller TF analysis
Transaction en cours:
Entering first long here.
5% of the alotted UCAD capital for now.
If it survives, will add another 5% on each pullback.
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Closeup of entry point, after a beautiful 2.618 extended drop

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