USDCAD could go to South

It is a good sample of Elliott Waves Pattern in two levels. It could be a long term down trend's third wave start point. Also, It has completed a sub long trend's five waves and also completed the correction B wave. It could start the correction C wave. A Cypher pattern C point now. So, go to short may have more possibility.

Place a stop entry order for short bellow the 15 minutes triangle pattern bottom line.

If the price go to north to break through the 15 minutes triangle pattern bottom line, the stop entry short order will be triggered.

Main direction would be go South.

Komentarz:

Be step out. -41.1 profit lose.

Komentarz:

replace a new stop entry order in 1.2835, short order.

Komentarz:

Update stop to 1.2930

Komentarz:

Update stop to open price.

Komentarz:

Update stop to 1.2742

Komentarz:

Update stop to 1.2710

Komentarz:

Update stop to 1.2690

Komentarz:

Update stop to 1.2615

Komentarz:

Update stop to 1.2600

Komentarz:

Update stop to 1.2570

Komentarz:

Update stop to 1.2520

Komentarz:

Update stop to 1.2470

Komentarz:

Short order closed by stop. 1.2835 - 1.2470 = 365 - 41.1 = 324 points profit.