This is my alternate count in which USDCAD is most probably in wave 4 of wave C of an ending diagonal which might have completed, if this count is correct we are expecting the market to move down
We are not taking any short positions on this trade as this is an alternate count however if this count is correct and price does breach the last swing low as wave 5, we will enter long positions once wave 5 is completed
Remember volume is the key indicator here as if the price does break the last swing low, divergence should stay intact
Let see how this plays, Good Luck !
Disclaimer: This is for informational purposes only, anyone taking trades using this idea will be liable of their own loss
We are not taking any short positions on this trade as this is an alternate count however if this count is correct and price does breach the last swing low as wave 5, we will enter long positions once wave 5 is completed
Remember volume is the key indicator here as if the price does break the last swing low, divergence should stay intact
Let see how this plays, Good Luck !
Disclaimer: This is for informational purposes only, anyone taking trades using this idea will be liable of their own loss