#1.2960

BUY USD/CAD 1.3018 TP1 1.3050 TP2 1.3080 STOPLOSS 1.2960

The post BUY USD/CAD 1.3018 TP1 1.3050 TP2 1.3080 STOPLOSS 1.2960 appeared first on CTCFM.

CTCFM

New Post has been published on http://u.to/b8svDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2879

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2970, Target: 1.2750, Stop: 1.3030

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2763, suggesting consolidation above this level would be seen and recovery to resistance at 1.2918 cannot be ruled out, however, reckon 1.2970-80 would limit upside and bring another decline later, below 1.2810-15 would bring retest of 1.2763 but break there is needed to retain bearishness and extend the fall from 1.3254 to 1.2730-40 but loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold.

In view of this, would be prudent to sell on further subsequent recovery as 1.2960-70 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.

New Post has been published on http://u.to/b8svDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2879

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2970, Target: 1.2750, Stop: 1.3030

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2763, suggesting consolidation above this level would be seen and recovery to resistance at 1.2918 cannot be ruled out, however, reckon 1.2970-80 would limit upside and bring another decline later, below 1.2810-15 would bring retest of 1.2763 but break there is needed to retain bearishness and extend the fall from 1.3254 to 1.2730-40 but loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold.

In view of this, would be prudent to sell on further subsequent recovery as 1.2960-70 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.

New Post has been published on http://u.to/b8svDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2879

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2970, Target: 1.2750, Stop: 1.3030

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2763, suggesting consolidation above this level would be seen and recovery to resistance at 1.2918 cannot be ruled out, however, reckon 1.2970-80 would limit upside and bring another decline later, below 1.2810-15 would bring retest of 1.2763 but break there is needed to retain bearishness and extend the fall from 1.3254 to 1.2730-40 but loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold.

In view of this, would be prudent to sell on further subsequent recovery as 1.2960-70 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.

New Post has been published on http://u.to/b8svDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2879

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2970, Target: 1.2750, Stop: 1.3030

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2763, suggesting consolidation above this level would be seen and recovery to resistance at 1.2918 cannot be ruled out, however, reckon 1.2970-80 would limit upside and bring another decline later, below 1.2810-15 would bring retest of 1.2763 but break there is needed to retain bearishness and extend the fall from 1.3254 to 1.2730-40 but loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold.

In view of this, would be prudent to sell on further subsequent recovery as 1.2960-70 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.

New Post has been published on http://u.to/b8svDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2879

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2970, Target: 1.2750, Stop: 1.3030

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2763, suggesting consolidation above this level would be seen and recovery to resistance at 1.2918 cannot be ruled out, however, reckon 1.2970-80 would limit upside and bring another decline later, below 1.2810-15 would bring retest of 1.2763 but break there is needed to retain bearishness and extend the fall from 1.3254 to 1.2730-40 but loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold.

In view of this, would be prudent to sell on further subsequent recovery as 1.2960-70 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.

New Post has been published on http://u.to/b8svDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2879

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2970, Target: 1.2750, Stop: 1.3030

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2763, suggesting consolidation above this level would be seen and recovery to resistance at 1.2918 cannot be ruled out, however, reckon 1.2970-80 would limit upside and bring another decline later, below 1.2810-15 would bring retest of 1.2763 but break there is needed to retain bearishness and extend the fall from 1.3254 to 1.2730-40 but loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold.

In view of this, would be prudent to sell on further subsequent recovery as 1.2960-70 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.

New Post has been published on http://u.to/bVYvDw

Commerce Concept: USD/CAD - Promote at 1.2960

USD/CAD – 1.2772

Recent wave: Only wave v of c has ended at 0.9407 and wave C of major A-B-C correction is underway for headway to 1.4700

Trend:  Sideways

Original strategy       :

Sell at 1.2990, Target: 1.2800, Stop: 1.3050

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2960, Target: 1.2750, Stop: 1.3020

Position: –

Target:  –

Stop:-

Although the greenback has fallen again after brief recovery to 1.2918 and downside risk remains for the fall from 1.3254 to extend weakness to 1.2740-50, loss of momentum should prevent sharp fall below 1.2700 and reckon support at 1.2678 would hold from here.

In view of this, would not chase this fall here and would be prudent to sell on subsequent recovery as 1.2950-60 should limit upside. Above previous support at 1.2996 (now resistance) would defer and suggest a temporary low is formed, bring a stronger rebound to 1.3050 but only break of resistance at 1.3080 would abort and signal the aforesaid fall has ended.

To recap, wave B from 1.3066 is unfolding as an a-b-c and is sub-divided as a: 1.2192, b: 1.2716 and wave c is a 5-waver with i: 1.1983, ii: 1.2506, extended wave iii with minor iii at 1.0206, wave iv ended at 1.0781 and wave v as well as wave iii has ended at 0.9931, hence the subsequent choppy trading is the wave iv which is unfolding as (a)-(b)-(c) with (a) leg of iv ended at 1.0854, followed by (b) leg at 1.0108 and (c) leg as well as the wave iv ended at 1.0674. The wave v is sub-divided by minor wave (i): 0.9980, (ii): 1.0374, (iii): 0.9446, (iv): 0.9913 and (v) as well as v has possibly ended at 0.9407, therefore, consolidation with upside bias is seen for major correction, indicated target at 1.3700 and 1.4000 had been met and further gain to 1.4700 would be seen later.