Trading Signal | USDCAD | Intraday | Elliott Wave

Trading Signal | USDCAD | Buy Orders | Intraday | Elliott Wave

Market: Forex Majors
Symbol: USD/CAD
Signal Category: Intraday
Direction: Bullish
Order Type: Market / Limit

(Entry / Stop Loss / Take Profit)

The following trading signal on the USDCAD forex pair has been posted in the “Trading Signals” section.

Trading Signal | USDCAD | Summary

USDCAD Forex pair took advantage of the massive spike in volatility, with Crude Oil weakening CAD towards grief.
This currency pair has been labeled in an Impulse, with Intermediate (3) (green) complete.
Intermediate (4) (green) has been classified as a Contracting Triangle, with the potential to end it’s corrective phase.
Should the rally continue, Intermediate (5) (green) could reach the 61.8% Fibonacci Extensions, aspiring for around 750 pips as a gain.

Trading Signal | USDCAD | Intraday BUY Orders

USD/CAD – 2H Chart (picture)

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Trading Signal | USDCAD | BUY Orders

Aggressive Entry @ Market price (approx. 1.4310) with SL @ 1.4100
Moderate Entry @ 1.4200 with SL @ 1.3950
Conservative Entry @ 1.4050 with SL @ 1.3800
TP @ 1.4550 / 1.4700 / 1.4900 / 1.5050

Safety measure: when in the green, moving SL to break-even.

USD/CAD – 2H Interactive Chart

Ahoy my fellow trader,
Thank you for your interest in this article and the overall information I am proving.
Should you need any support or have any questions regarding the presented Wave Counts, please let me know.
I am most active and available via Telegram and Skype, feel free to shoot me a message.
As always,
Many pips ahead!
Richard

Fair warning and risk notice:
Trading CFDs or Foreign Exchange is risky and you should only invest what you can afford to lose, in a calculated manner.
All material presented by LEWA is not to be treated as investment advice and the analysis represents general market research.
Before you decide to take action, please be aware of the risks involved.
Trading is not for everyone and it should be treated with responsibility.
Besides a good strategy for a decent win over loss ratio, risk management is another key factor.

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