USDCAD-Will break 1.2950 or will make a complex correction ?
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MARKET COMMENTARY:
1. As per my previous analysis the BUY ZONE arrived and i accumulated @ 1.2570 where i booked the profit 1.2620 and 1.2910.
2. Now i am expecting and wave Y)(BLUE) of 3)rd wave in action and will break the previous high 1.2950, if not there is a chance for making a triangle if it is a (b) wave.
3. In rare case it may decline from where it is now and the high 1.2760 may be a connecting wave for a complex correction in X) or (b) or 2) wave.
4. If it did the complex correction in the rare scenario then we may see 1.2300 the next major support and then it will shoot for wave C) or Y).
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't 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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