USDCAD in a daily up trend correction.. It is making another up move which is an E wave to complete the daily structure before next big downside.. Look for the breakout of the flag for sells will be a nice idea! Check EURCAD chart in the related ideas! All CAD pairs have a big move to come so keep an eye on this one too... Thank you Keep following and support!
Komen
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Komen
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ABC or ABCDE? Let it prove itself
Komen
DiimaZpx
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Looks good. Let's wait for flag breakout :)
tipua411
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very good analyse.
hao.deng.m
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Good one, the structure looks better this time!
OyaFX
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You're seems gonna wait too much time before get your trade position
lemezohaib
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@OyaFX, no problem for me.. I can wait for correction to over before I take trade
lemezohaib
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@OyaFX, This is just a daily structure. This pair has very big downside in weekly and I am gonna hold my positions for years to get some good rewards
mlbo
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@OyaFX, there are enough pairs/croses to trade mainwhile while waiting.
lemezohaib
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@mlbo, Exactly. We can't miss others while waiting for one pair
robus
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Just curious ! why would you call E in channel rather than Y of WXY. I 100% agree on idea.
mlbo
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@robus, it is a corrective structure commonly labeled minor "abc" (or when having 5 waves "abcde")