This Elliott Wave blog is dedicated to sharing Fibonacci ratios and other technical analysis for forex signals, index futures signals, options signals, and stock signals. Elliott Wave Principle puts forth that people move in predictive patterns, called waves. Identify the wave counts, and you can predict the market.
Tuesday, March 8, 2016
Elliott Wave Forex Trading - USDCAD Trade Update
Closing the remainder of this position. This price action looks like an ending diagonal which means a top and sharp reversal is coming soon. It's not worth risking that for a mere 25 more pips.
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