USD/CAD 320 pip short?!
Technicals
*We have an extended wave 3, so waves 1 and 5 should be related in size. Meaning we may have to wait until tuesday for the best entry.
*All 4hr indicators are very over bought.
*USDX on the 4hr is also over bought and due for a small pullback.
*Wave A in a perfect world hit the 38% retracement, meaning a 320 pip drop!
May the pips be with you this coming week!
*We have an extended wave 3, so waves 1 and 5 should be related in size. Meaning we may have to wait until tuesday for the best entry.
*All 4hr indicators are very over bought.
*USDX on the 4hr is also over bought and due for a small pullback.
*Wave A in a perfect world hit the 38% retracement, meaning a 320 pip drop!
May the pips be with you this coming week!
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