AUDCAD - Long - min R/R 3.3

Wave ((iii)) ended, price is now going lower, keep an eye on the Fib retracement levels for the end of wave ((iv)).
This wave ((iv)) seems to be a zigzag, where wave (a) finished and wave (b) should finish very soon before making a wave C lower, after wich we can go long again.

Trade Setup :

Entry : Pending @ 0.9418 (0.382 Retracement)
Stop : 0.9364 (wave ((i)) high)
Target : 0.9500 to 0.9700

订单已取消:

We either lost our entry point because price did not retrace enough - or -
this alternate count is in place meaning the correction will come now.
I'm leaning more to the alt count because wave ((1)) to ((2)) 1.618Fib Extension got hit now.

So now, wait again for the 0.382 Retracement
Pending Entry : @ .9468

评论:

Stop loss still the same
Target : .9670 to .9800

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Here s the updated count.
Wait for price to reach at least the 0.382 Retracement before entering long positions.