The USDCAD wasted no time following my analysis and projection for higher levels this morning allowing me to close half the position at about a 70 pip profit and move my stop to break even. As the wave count suggests, the pair appears to still have higher to go. I'm looking at taking profits at the 3rd wave extreme I'm projecting at around the 1.618 Fibo extension level of wave ((i)) at 1.3460.
I'm gonna tighten the sandwich on this trade and move the:
Stop Loss to 1.3365
Profit Target to 1.3445
PLEASE NOTE: THIS IS JUST AN ANALYSIS BLOG AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. THE DATA HERE IS MERELY AN EXPRESSED OPINION. TRADE AT YOUR OWN RISK.