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#33 (permalink)

08-28-2008, 10:08 AM

soso-xx

Member

Join Date: Jun 2008

Posts: 93

soso-xx is an unknown quantity at this point

USDCAD

At this point we may have reached the bottom of the correction. This furious move up is either a C wave meaning the correction is not over yet, or the beginning of a 3 wave. I am looking at the later scenario which would be confirmed by the break of 1.0560.

Setup:
I am looking to position bull on the break of 1.0560 if price doesn't go lower than 1.0475.

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