USD/CAD previous Bearish views and set-ups worked out amazingly good and the Members cashed in some impressive green pips.
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Now it looks like another Bearish Wave could be preparing, therefore, I am signalling the alarm once more because we could be in for another dip.
Intermediate (Y) (red) is expected to complete along with Minot C (red).
Minor B (red) Technicals:
61.8% Fibonacci Retracements of Minor A (red) 100% Fibonacci Extensions of Minutes w&x (purple) 150-161.8% Fibonacci Extensions of Minuettes (a)&(b) (orange) Decreasing volumes pointing towards an upcoming Bearish Divergence As you can see, the Fibs are aligning for a possible Bearish outcome.
@yansy84, This view was posted for free with possible entry at 1.3100 and it dropped like a rock approx 600 pips since then. Now it's a bit delicate for me to answer this question because the structure would still allow the second entry to be reached as a final move within Minor B (red) in Minute Y (purple). If you are looking for a sell, you are a bit too late I would say and it would be risky just to take it in the middle like this. Up to you where and if you take it, I don't give advises. I hope you get the point.