USDCAD-Finally it got rejected, now 1.2450 or 1.23 then 1.3450 ?
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MARKET COMMENTARY:
1. Finally it got rejected from the resistance zone 1.2800 and previous trade plan i expected from 1.2650.
2. Currently we are in the connecting wave X) so if it is a simple correction as i shown here it will bounce once it reach 1.2450.
3. If not, making a complex correction WXY then it could retest the second major support zone 1.2300.
4. I am looking for the positional target above 1.3400 as my first target for Y).
5. So i will concentrate more in BUY TRADE SETUP rather than SELL in $$$.
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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