#USDCAD trading wave 4
Atualizado
The prolonged bullish impulsive move under wave 3 has likely come to an end.
This outlook is based on several confluences, including the formation of a rising wedge pattern, which is a bearish reversal signal, along with the presence of bearish divergence.
As a result, we could anticipate a bearish reversal move to complete wave 4. In the chart, I’ve highlighted potential areas where price may complete this 4th wave, presenting a solid trading opportunity.
Typically, wave 4 is tricky to trade due to potential market manipulations. However, given the clarity of this setup, we can plan a trade accordingly.
This outlook is based on several confluences, including the formation of a rising wedge pattern, which is a bearish reversal signal, along with the presence of bearish divergence.
As a result, we could anticipate a bearish reversal move to complete wave 4. In the chart, I’ve highlighted potential areas where price may complete this 4th wave, presenting a solid trading opportunity.
Typically, wave 4 is tricky to trade due to potential market manipulations. However, given the clarity of this setup, we can plan a trade accordingly.
Trade ativo
The first bearish leg took place. now we should wait to see if price could move lower to complete wave c
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.