USD/CAD short after wave 5 completion 1 Hour Chart
Hello Traders,
just like i predicted last week USD/CAD bearish after hitting triangle resistant and breaking out ending diagonal support level, today the market is forming it's 5 wave cycle downtrend, currently on its longest wave (wave 3) . We expect at least another 100 pips to the downside after market makes another major correction. so far market is bearish but we will keep an eye for any trend breakout or indicator divergence
just like i predicted last week USD/CAD bearish after hitting triangle resistant and breaking out ending diagonal support level, today the market is forming it's 5 wave cycle downtrend, currently on its longest wave (wave 3) . We expect at least another 100 pips to the downside after market makes another major correction. so far market is bearish but we will keep an eye for any trend breakout or indicator divergence
Trade closed: target reached