USDCAD turned sharply higher on Friday from 1.0952 where we see completed wave (c) that is part of incomplete triangle as already highlighted in our past updates. A triangle is a five wave pattern so we suspect that current leg up is wave (d) which means we still need wave (e) retracement before we may look for end of a corrective price action. Ideally pair will find resistance in the next 24 hours around 1.1150 area. USDCAD 4h Elliott Wave Analysis…See More
“Beware of large positions that can control your emotions. Don’t be overly aggressive with the market. Treat it gently by allowing your equity to grow steadily rather than in bursts” Linda Bradford Raschke, Trader & Author. Early This morning we are seeing EURUSD in the1.3880’s well and truly above 1.38. This is now clearly a…See More
Crude oil . Rising short-term , from the fall . 111-77 medium-term adjustment range width . To predict the long-term rise . Trend line , interrupt the trend line , have fell back in the Daily . Form a hidden line Candlestick , Daily , in the weekly candlestick , a sign of decline . ICIMOKU, between the reference line and the conversion line , not buy a new in the Daily . However , a buy signal is continuing . Oscillator , the Daily , 50 remain in the medium-term line , from being sold too ,…See More
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