Weekly Chart is clearly showing that USDCAD has just completed E5 Structure.
and now its ready to make Correction. It could be ABC. Where A and C will be short and B will be pull back.
If we see Daily or 4H time frames it looks a strong bearish trend.
I will look for short entries. As I have shown FIB Retracement in the chart. I am expecting that I will touch 1.30000 which is also a GOLDEN FIB RATIO 61.8 in next week or in upcoming two weeks.
I will look for Short TRADES on lower time frames with the help of Support-Resistance areas or Price Action Patterns.
Its a big short me.
Please hit like button and follow me for more E5 and harmonic ideas.
and now its ready to make Correction. It could be ABC. Where A and C will be short and B will be pull back.
If we see Daily or 4H time frames it looks a strong bearish trend.
I will look for short entries. As I have shown FIB Retracement in the chart. I am expecting that I will touch 1.30000 which is also a GOLDEN FIB RATIO 61.8 in next week or in upcoming two weeks.
I will look for Short TRADES on lower time frames with the help of Support-Resistance areas or Price Action Patterns.
Its a big short me.
Please hit like button and follow me for more E5 and harmonic ideas.