USDCAD: Will it shoot to 1.38 for b) to complete ?...來自nmkvijay

05 May 2023, 19:14 · 閱讀量 286

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USDCAD: Will it shoot to 1.38 for b) to complete ?

Market Commentary:

1. Previous I shared here weekly analysis of this pair. Based on this is in daily TF to trade.

2. I am looking for wave "C" of b) to 1.3800 with 1.3500 as a STOP. RR is only 1:1.5. So careful.

3. Currently it seems like intermediate wave "b" in 3 waves got completed. If it is a WXY correction

will take more time and little deeper correction to 1.34 also available.

4. If it is a simple correction we can see a bounce for an impulse to reach the target 1.38.

DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS

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共 40Points讚賞

USDSGD: Target for c) of (B) is 1.2788 below. #OPINIONLEADER# #USDollar# #ForexForecast# #ForexEducation# Market Commentary: 1. Still one more 5 waves as a bearish impulse to reach 1.2788 and below as i shown here. 2. The 5 waves impulse from the low 1.2788 is the wave C) of 4) as i shown here and the 3 wave structure for a corrective waves. 3. Wave 4) is a irregular flat correction pattern and one more wave 5) to complete the wave (b) in 5) wave structure. 4. Target is below the wave 3) i.e., 1.2750 approx. but it will break that 1.2788.

nmkvijay