USDCAD 4hr Looking for 5 Wave completion to sell into correction
Looking for a 5th wave completion hopefully at 1.33604 or possibly as high as 1.3390
There are fifth wave fibonacci cluster levels at 1.3333, 1.3360 and 1.3390, which could act as potential 5th wave reversal zones
1.33604 is my second target for a current long trade to take some profits off the table, if price shows signs of reversing here I will initiate a short trade targeting back into the Wave 4 zone
I still have a pending sell order a bit higher at 1.3472 which is my final long trade target but this is a shorter term play within the larger trade
There are fifth wave fibonacci cluster levels at 1.3333, 1.3360 and 1.3390, which could act as potential 5th wave reversal zones
1.33604 is my second target for a current long trade to take some profits off the table, if price shows signs of reversing here I will initiate a short trade targeting back into the Wave 4 zone
I still have a pending sell order a bit higher at 1.3472 which is my final long trade target but this is a shorter term play within the larger trade