Daniel Ang

Selling Opportunity in USD/CAD - Mon, Nov 28, 11:56am. Order Filled Wed, Nov 30, 00:04am. Closed Out Position @ 1.3466 Thu, Dec 1, 03:27am +$450.27

Chart USDCAD, H1, 2022.11.28 03:55 UTC, Blueberry Markets Pty Ltd, MetaTrader 4, Real

USD/CAD rebound from the Nov 15 low of 1.3226 is likely unfolding as a 3-wave rally. If so, the termination of this rise is probably somewhere between 1.3585 to 1.3658. In terms of confluence, the retracement of the decline from the November 3 high of 1.3808 to 1.the Nov 15 low of 1.3226 coincides with the 61.8% Fibonacci retracement at 1.3597. It is, thus, more likely the termination zone is the 100% projection of 1.3226 to 1.3494 from 1.3316 at 1.3585. 

TRADE IDEA

#1 Sell Limit @ 1.3580. Order Filled Wed, Nov 30, 00:04am. Closed Out Position @ 1.3466 Thu, Dec 1, 03:27am

Stop @ 1.3705

Target @ 1.3325