USDCAD is in a corrective structure which is a 3 wave correction until now but it may go for a 5 wave correction before breaking. I'll be selling the breakout when it happens, and if you're already in the sell, I suggest you put it to breakeven in case it decides to go for a 5 wave corrective structure before the next impulse down.
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Shorts are triggered. Until now this looks like will go for the next impulse after a 3 wave correction.ノート
Trade went, everyone who took profit at the lows won at this, I did closed my position but partially only because I was waiting for it to break the low and go for the 1.27 extension which it didnt. The impulse is still valid and it's still in a corrective wave. I'm looking to sell the breakout of this ending diagonal now for the completion of ABC correction.ノート
If you're already in the sell and looking to add more positions there is another opportunity to sell the breakout of this correction:
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