INTRA-DAY TRADING
After the rise so far, I see completed wave 5, so a correction would be appropriate...however, it can be of variable depth as indicated on the chart.
Komen:
The scenario has changed.
1.272% FIB of the AB route was achieved today and I expect 1.38% to be achieved on Monday (green box).
If the daily candle fails to close above 1.39, there is a strong possibility that the trend will reverse with a target below 1.27.
But if next week closes above 1.39 then I will have to discard this setup and do a new TA.
Komen:
USDCAD has ended its correction.
If Daily closes above 1.38226, this week's high should be above last week's high.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
1.272% FIB of the AB route was achieved today and I expect 1.38% to be achieved on Monday (green box).
If the daily candle fails to close above 1.39, there is a strong possibility that the trend will reverse with a target below 1.27.
But if next week closes above 1.39 then I will have to discard this setup and do a new TA.