USDCAD could go to South

It is a good sample of Elliott Waves Pattern in two levels. It could be a long term down trend's third wave start point. Also, It has completed a sub long trend's five waves and also completed the correction B wave. It could start the correction C wave. A Cypher pattern C point now. So, go to short may have more possibility.

Place a stop entry order for short bellow the 15 minutes triangle pattern bottom line.

If the price go to north to break through the 15 minutes triangle pattern bottom line, the stop entry short order will be triggered.

Main direction would be go South.

Comentarios:

Be step out. -41.1 profit lose.

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replace a new stop entry order in 1.2835, short order.

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Update stop to 1.2930

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Update stop to open price.

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Update stop to 1.2742

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Update stop to 1.2710

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Update stop to 1.2690

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Update stop to 1.2615

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Update stop to 1.2600

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Update stop to 1.2570

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Update stop to 1.2520

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Update stop to 1.2470

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Short order closed by stop. 1.2835 - 1.2470 = 365 - 41.1 = 324 points profit.