USDCAD: Will it shoot to 1.38 for b) to complete ?
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Market Commentary:
1. Previous I shared here weekly analysis of this pair. Based on this is in daily TF to trade.
2. I am looking for wave "C" of b) to 1.3800 with 1.3500 as a STOP. RR is only 1:1.5. So careful.
3. Currently it seems like intermediate wave "b" in 3 waves got completed. If it is a WXY correction
will take more time and little deeper correction to 1.34 also available.
4. If it is a simple correction we can see a bounce for an impulse to reach the target 1.38.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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