Intraday Elliottwave Analysis: USDCAD, stopped out

Yue Wang LinoCapital

USDCAD closed back into daily Ichimoku cloud.

Unfortunately both long positions were directly stopped out yesterday.

I apologize very much for that...

Price may be formed a small abc correction target at least 1.2656/13.

If so, today will not touch or close above 1.2820.

According to my system, weekly buy mode is still valid.

Once it changed to sell mode, will re-build short positions.

Daily support Levels: 1.2751 1.2748 1.2735 1.2717 1.2711 1.2684

Daily resistance Levels: 1.2788 1.2801 1.2809 1.2819 1.2822 1.2855 1.2876

Intraday Trade Idea:

Sell Latentinterest Order: 1.2809

Buy Latentinterest Order: 1.2687

Click on the image to enlarge

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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