Today I bring in one more currency to my Elliott wave signal.Its the Canadian dollar ( CAD) currency.CAD/USD Elliott Wave Signal.
Elliott wave Signal for Medium term with high risk trade.
TimeFrame = Daily.
Signal = Limit Sell Signal when market retrace at price 1.0090-1.0080 area.
Target Profit = First target is wave v at 0.9835 area
Stop Loss = 1.0160 area.
Risk Reward Ratio = between 0.0 and 0.5 (HIGH RISK)
USD/CAD Elliott wave Analysis :-
From our analysis USD/CAD just made an extended impulsive elliott wave iii down so we expect there is a retrace in market price in near term.
This signal is triggered if market intend to continue its momentum to the lower low.
Our Entry is open between 1.0080- 1.0090 area with the first target at moderate degree of elliott wave v between 0.9850-0.9830 area.And if market continue to expand our final target for extended wave v may archived.
All our Elliott wave counts illustrated in below USDCAD daily chart:-
From: Elliot Wave Signal Prognosis