Sunday, January 8, 2017

USD/CAD Ready For a Last Leg Up

The way I see it we're in the last part of a triple three on this pair. It looks that wave B was complete last Friday (see 5min chart, impulsive move up). So this should be the last leg up before it collapses.

This scenario corresponds nicely with the Dollar index which has to make one move up as well. It seems a great trade to me if it plays out this way.


Wednesday, July 6, 2016

USD/CAD - A rally will follow

A break of  "i' would confirm wave 3 of wave C has started. However, it is possibe that we will see a move down to end wave C of (B) within a larger correction,.Therefore, a break above "i" is probably the safest way to grab wave 3. Below 1.2460 would invalidate both scenario's.