USDCAD Finishing up the X wave Looking for a big Short
USD/CAD is about to reach the end of the X wave and it is common for it to retrace to .618 of the W Wave. I'm looking to short at 1.343 and I'm expecting price to reach the major trend line to finish up the Y wave.
This is also going to have an effect on Eur/Cad. While USD/CAD has been moving up the X wave, EUR/Cad has been consolidation. Once Usd/Cad finishes going to X, Eur/Cac can finish up it's B wave. I will link the EUR/CAD idea.
This is also going to have an effect on Eur/Cad. While USD/CAD has been moving up the X wave, EUR/Cad has been consolidation. Once Usd/Cad finishes going to X, Eur/Cac can finish up it's B wave. I will link the EUR/CAD idea.
Note
I've put out a video going a bit more in depth as to how I see this pair is going to be moving along with EUR/ USD as they will be moving relatively the same for a while. Check it out and subscribe, Ill be putting out more In-depth analysis on there.
youtube.com/watch?v=2ew-y3gd1vw
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.