USDCAD - 1HR - Wave 5

6 Eyl 2016

Wave 5 is about to commence. As wave 3 completed within 161.8% fib level, we should expect wave 5 to be extended. Therefore look to bank profit at 61.8% fib level and above. Entry signal = price closing above Alligator, >2 consecutive bullish Ashi candles, CCI(14) in > 0 and EWO commenced wave 5.

6 Eyl 2016

Emir iptal

As wave 4 has overlapped into wave 1 territory the trade is now invalidated.