Daniel Ang

Buying Opportunity in USD/CAD - Bought @ 1.35839 Tue, Feb 28, 12:30pm.

Chart USDCAD, D1, 2023.02.28 04:43 UTC, Tradeview, Ltd., MetaTrader 4, RealChart USDCAD, H4, 2023.02.28 04:30 UTC, Tradeview, Ltd., MetaTrader 4, Real

The above chart refers to the daily time frame whereas the second chart refers to the 4-Hourly time frame.

USD/CAD stabilized at 1.3262 on Feb 2 after falling from the Dec 12 high of 1.3705. It is likely this rise from the Feb low of 1.3262 is part of the corrective 3-wave rebound from the Nov 15 low of 1.3226. If so, this 3-wave rally may target 1.3740 in an AB=CD move (see daily time frame chart). 

Trade Idea

Bought @ 1.35839 Tue, Feb 28, 12:27pm.

Stop @ 1.3500.

Target @ 1.3740.