Header Ads Widget

Responsive Advertisement

Elliott Wave Analysis & Forecast, USDCAD, H4, 20150817

gm August 17, 2015

USDCAD; we saw possible top at the end of green wave [5] near 1.32 and if it is the case we will see correction towards green wave [4] or even lower in coming weeks. We are now red wave 3 of red wave (a) and the first target for this wave  is near 1.27 area where red wave (a) equals 38% Fibonacci since start of Wave 5. Short term trader can enter short at market or better with stop loss just above 1.3218 targeting 1.27-1.2750 area.

muhiuddin
Tags:
gm

Posted by: gm

Currently working as Senior Analyst in Tijarat Network, a leading provider of in depth market analysis, research and trade recommendations for Forex, Stock, Indices and Commodities. Tijarat Network where analysts sit together, analyze technical and fundamental factors, conclude market direction and then issue analysis and forecast regarding where they believe the markets are heading. Elliott Wave Theory is a major factor that contribute in financial forecast. We value our reputation and always fulfill our obligations toward clients and partners.

Post a Comment

1 Comments