USDCAD 3 wave has started

19 Mar 2019

USDCAD

Hi guys

Today wave 2, which shaped as a simple Zigzag finished to formed itself and chart just touched Golden ratio of the wave 1 and had started to develop 3 wave. I wrote proportions between waves in correction and mark Reversal Fibo Cluster above in the chart. Approx target of the wave 3 is 1.37000

Secondary confirmation reversal signals: 1. RSI Divergence H4; 2. MacD Divergence H4; 3. Candle of the absorption H4

Chart shown great reversal at Golden Ratio area, I have no doubt that it's 3 wave started today. I opened trade at 1.32800, when chart started to come back to resistance line 1.33000 after falling, cause I was expected it. SL at 1.32450 and TP 1.37000

20 Mar 2019

İşlem aktif

Chart didn't penetrate begining of 1 wave and stoped at 0.786 Fibo, so cycle is still going on I think :)

21 Mar 2019

İşlem aktif

Rock'n'Roll has begun finally :)