USDCAD Swing Trade Opportunity (Sell)

For this setup we have:

-Major 78.6 retracement
-Elliott Wave ABC pattern completion respecting the channel
-Bearish divergence
-Surprisingly good Building Permits data for CAD (6.1% MoM, compared to 3.2% previous and a forecast of -1.0%)


Entries may also be taken once there is a candlestick confirmation.

Aggressive scenario SL: 1.33550

Conservative scenario SL: 1.33850

TP1: 1.32450
TP2: 1.32000
TP3: 1.31550
TP4: 1.31350

Please feel free to send me a message in regards to any questions, feedback or suggestions that you may have.

Enjoy!