USDCAD 4H Outlook: Triple Three Correction, Wave-C Complete

20 Eyl 2016

USDCAD has been bouncing around inside of a triple three sidways correction since May, 2015. The correction may continue, but the upcoming wave following wave-(C)-of-((Z)) will tell us more about what to expect. Bias is short toward the missed weekly pivot and previous fourth wave support unless the invalidation level is broken. Stay tuned for upcoming trade ideas on a smaller time frame to ride the waves.