USDCAD finding the C correction

11 ביוני 2016

We have a large 5 wave move, and in the process of making a correction to a point C. I'm anticipating a move down to 1.193 where price broke out of that level and never retested. This is also where price would meet the ascending trendline it started back from the beginning of the 5 wave pattern. Looking to get in short at a touch of 1.28 with a stop at 1.3. Looking to find another 5 wave count as price moves down to find a C.

14 ביוני 2016

הערה

Waiting for prices to reach the red resistance line and fail to make a higher high from there to go short. Will be holding the short until the C wave is completed.

17 ביוני 2016

הערה

Price rallied higher and stopped me out, but still did not break above the b retracement level, so a short is still valid. Find entries to short on rallies.

18 ביוני 2016

הערה