USDCAD Formation
the pair is trading in a clear channel range as you can see the upper trendline was the end of big wave 4.
if the counting is correct we will be expecting a wave 5 to finish this Cycle near 1/15-1.1600 area.
our stop loss will be above the previous top. the risk to reward ratio is awesome for this trade however it might be a medium-long term investment.
good luck!!!
if the counting is correct we will be expecting a wave 5 to finish this Cycle near 1/15-1.1600 area.
our stop loss will be above the previous top. the risk to reward ratio is awesome for this trade however it might be a medium-long term investment.
good luck!!!
Penafian
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