Ending Diagonal is a special type of elliott wave pattern which causes strong reversal. At the same time standard MACD is in bearish indication zone. Shorting USDCAD in rally will be good strategy for trading.
USDCAD 4hour Elliott Wave Analysis
Monday, May 8, 2017
USDCAD Tops With Ending Diagonal-Confirmed By MACD.
USDCAD tops near by Fibonacci reversal area. Wave five has lover lapping price action which is the indication of Ending Diagonal.
Ending Diagonal is a special type of elliott wave pattern which causes strong reversal. At the same time standard MACD is in bearish indication zone. Shorting USDCAD in rally will be good strategy for trading.
Ending Diagonal is a special type of elliott wave pattern which causes strong reversal. At the same time standard MACD is in bearish indication zone. Shorting USDCAD in rally will be good strategy for trading.
