USDCAD-Still we are in downtrend will reach 1.1725 ? to complete
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MARKET COMMENTARY:
1. The price action now and with correlation to USOIL it seems like for a short term it may bounce to 1.2380 for "b" in v) and final "C" of v) will complete @ 1.1725 approx.
2. Currently we are in the wave "a" yet to complete one more leg to 1.1950 or already completed and may shoot for "b" in 3 waves to 1.2380 approx.
3. So i am waiting for the short term trade in BUY and will look for the rejection in 1.2380 if it reaches that zone in 3 waves only.
4. I changed the wave count and labeling as a diagonal pattern n wave C) or Y) have an look for
the previous for reference to understand this pattern how i labeled here...
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont 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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