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USD/CAD Stalking Retracement; Wave Count

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 4, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Stalking the retracement decline, we saw one swing to the 1.0550 area, near the 38.2% retracement. The market in the previous session started rallying again. This could be a mini correction within a retracement pattern. Another scenario is that sideways ranging action is developing. The first thing we can establish...

    complete article here...

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