USDCAD Trading Plan Elliot Wave


Analysis Style : Elliot Wave

TF : Daily

Fundamental bias

CAD bullish due to interest rate hiked

Short term technical

Looking to go LONG on Elliot wave A-B leg potentially around 61.8% Fibo retracement level at 1.2265

Stop loss is going to be at 1.2060 for -195pips

Target profit is at point D 1.2950 for +680 pips.

Long term technical :

Re-shorting USDCAD at point D to engage in Major Long Term Trend and fundamental bias.

Shukri FIB

note: typo error, point D should be label as point C.'

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