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USD/CAD – Bearish Minor C – End of Correction

USD/CAD

USD/CAD – Bearish Minor C – End of Correction

USD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips.

Previous Articles:

Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.

Daily Chart:

Intermediate (Y) (red) is expected to complete along with Minot C (red).

Minor B (red) Technicals:

  • 61.8% Fibonacci Retracements of Minor A (red)
  • 100% Fibonacci Extensions of Minutes w&x (purple)
  • 150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange)
  • Decreasing volumes pointing towards an upcoming Bearish Divergence

As you can see, the Fibs are aligning for a possible Bearish outcome.

Daily Interactive Chart:

USD/CAD – SELL Positions:

  • Moderate Entry @ 1.3100 with SL @ 1.3400
  • Conservative Entry @ 1.3330 with SL @ 1.3600
  • Targets @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600

Many pips ahead!

1 Comment

  • admin
    (July 25, 2018)

    Trading opportunity:

    USD/CAD – Sell Position

    Entry @ Market Price with SL @ 1.3500 (or 1.3450) and TP @ 1.2800 / 1.2500 / 1.2200 / 1.1900 / 1.1600

    *Conservative way of trading this huge swing would be to wait for a breach and big candle on the down-side and then a corrective piece or a bear flag.

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