#1.2965

SELL USD/CAD 1.3024 TP1 1.3000 TP2 1.2980 TP3 1.2965 STOPLOSS 1.3055

The post SELL USD/CAD 1.3024 TP1 1.3000 TP2 1.2980 TP3 1.2965 STOPLOSS 1.3055 appeared first on CTCFM.

CTCFM

New Post has been published on http://u.to/ADY3Dw

Commerce Concept: USD/CAD - Promote at 1.2965

USD/CAD – 1.2897

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 1.2950, Target: 1.2750, Stop: 1.3010

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2965, Target: 1.2765, Stop: 1.3025

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2822, suggesting minor consolidation above this level would be seen and recovery to 1.2945-50 cannot be ruled out, however, reckon 1.2985-90 (50% Fibonacci retracement of 1.3148-1.2822) would limit upside and bring another decline later, below said support at 1.2822 would extend the fall from 1.3148 to 1.2800, then retest of previous support at 1.2763, having said that, break of latter level is needed to confirm early decline has resumed for subsequent selloff to 1.2700-10, then test of 1.2678 support would follow. 

In view of this, we are looking to sell on further subsequent recovery as 1.2965-70 should limit upside. Above 1.3000 would defer and risk a stronger rebound to 1.3040-50 but upside should be limited to previous support at 1.3082, bring another decline later. 

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/ADY3Dw

Commerce Concept: USD/CAD - Promote at 1.2965

USD/CAD – 1.2897

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 1.2950, Target: 1.2750, Stop: 1.3010

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2965, Target: 1.2765, Stop: 1.3025

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2822, suggesting minor consolidation above this level would be seen and recovery to 1.2945-50 cannot be ruled out, however, reckon 1.2985-90 (50% Fibonacci retracement of 1.3148-1.2822) would limit upside and bring another decline later, below said support at 1.2822 would extend the fall from 1.3148 to 1.2800, then retest of previous support at 1.2763, having said that, break of latter level is needed to confirm early decline has resumed for subsequent selloff to 1.2700-10, then test of 1.2678 support would follow. 

In view of this, we are looking to sell on further subsequent recovery as 1.2965-70 should limit upside. Above 1.3000 would defer and risk a stronger rebound to 1.3040-50 but upside should be limited to previous support at 1.3082, bring another decline later. 

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/ADY3Dw

Commerce Concept: USD/CAD - Promote at 1.2965

USD/CAD – 1.2897

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 1.2950, Target: 1.2750, Stop: 1.3010

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2965, Target: 1.2765, Stop: 1.3025

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2822, suggesting minor consolidation above this level would be seen and recovery to 1.2945-50 cannot be ruled out, however, reckon 1.2985-90 (50% Fibonacci retracement of 1.3148-1.2822) would limit upside and bring another decline later, below said support at 1.2822 would extend the fall from 1.3148 to 1.2800, then retest of previous support at 1.2763, having said that, break of latter level is needed to confirm early decline has resumed for subsequent selloff to 1.2700-10, then test of 1.2678 support would follow. 

In view of this, we are looking to sell on further subsequent recovery as 1.2965-70 should limit upside. Above 1.3000 would defer and risk a stronger rebound to 1.3040-50 but upside should be limited to previous support at 1.3082, bring another decline later. 

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/ADY3Dw

Commerce Concept: USD/CAD - Promote at 1.2965

USD/CAD – 1.2897

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 1.2950, Target: 1.2750, Stop: 1.3010

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2965, Target: 1.2765, Stop: 1.3025

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2822, suggesting minor consolidation above this level would be seen and recovery to 1.2945-50 cannot be ruled out, however, reckon 1.2985-90 (50% Fibonacci retracement of 1.3148-1.2822) would limit upside and bring another decline later, below said support at 1.2822 would extend the fall from 1.3148 to 1.2800, then retest of previous support at 1.2763, having said that, break of latter level is needed to confirm early decline has resumed for subsequent selloff to 1.2700-10, then test of 1.2678 support would follow. 

In view of this, we are looking to sell on further subsequent recovery as 1.2965-70 should limit upside. Above 1.3000 would defer and risk a stronger rebound to 1.3040-50 but upside should be limited to previous support at 1.3082, bring another decline later. 

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/ADY3Dw

Commerce Concept: USD/CAD - Promote at 1.2965

USD/CAD – 1.2897

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 1.2950, Target: 1.2750, Stop: 1.3010

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2965, Target: 1.2765, Stop: 1.3025

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2822, suggesting minor consolidation above this level would be seen and recovery to 1.2945-50 cannot be ruled out, however, reckon 1.2985-90 (50% Fibonacci retracement of 1.3148-1.2822) would limit upside and bring another decline later, below said support at 1.2822 would extend the fall from 1.3148 to 1.2800, then retest of previous support at 1.2763, having said that, break of latter level is needed to confirm early decline has resumed for subsequent selloff to 1.2700-10, then test of 1.2678 support would follow. 

In view of this, we are looking to sell on further subsequent recovery as 1.2965-70 should limit upside. Above 1.3000 would defer and risk a stronger rebound to 1.3040-50 but upside should be limited to previous support at 1.3082, bring another decline later. 

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/ADY3Dw

Commerce Concept: USD/CAD - Promote at 1.2965

USD/CAD – 1.2897

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 1.2950, Target: 1.2750, Stop: 1.3010

Position: –

Target:  –

Stop:-

New strategy             :

Sell at 1.2965, Target: 1.2765, Stop: 1.3025

Position: –

Target:  –

Stop:-

As the greenback has rebounded after marginal fall to 1.2822, suggesting minor consolidation above this level would be seen and recovery to 1.2945-50 cannot be ruled out, however, reckon 1.2985-90 (50% Fibonacci retracement of 1.3148-1.2822) would limit upside and bring another decline later, below said support at 1.2822 would extend the fall from 1.3148 to 1.2800, then retest of previous support at 1.2763, having said that, break of latter level is needed to confirm early decline has resumed for subsequent selloff to 1.2700-10, then test of 1.2678 support would follow. 

In view of this, we are looking to sell on further subsequent recovery as 1.2965-70 should limit upside. Above 1.3000 would defer and risk a stronger rebound to 1.3040-50 but upside should be limited to previous support at 1.3082, bring another decline later. 

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.