Pretty Simple, seems to be in a ABC correction after a series of Impulse waves! Waiting for the "big short" :) move down. Thanks for checking out my idea! If you wait for a good sell setup you can catch a pretty darn good R/R ratio!
looking at a potential ABC correction with about a 56 PIP move to point C. Will go short after a candle under candle confirmation and further price action at the open. SL @ 101.165 TP 1 @ 100.548 TP 2 @100.381 Thanks for viewing Bud
This morning we broke through lower resistance around 16420 signaling we are now going back up and we are at the start of wave 5 looking to complete ABC Correction
We have a potential Fibonacci inversion setup on UsdCad which will complete @ 1.29518. This setup is a fib ext. ran from the B point up to the A point. You are then looking to sell the 1.618 level. Target 1 is the .618 Fibonacci retracement with target 2 being a 1.272 fib extension of the entire move. This is a great setup for trending markets that put in a...