Hey guy's many of our trades lately were very successful and 2017 is phenomenal so far, The kiwi pairs were and are amazing winners (risk/reward) and there is more to come. (follow me for instant updates because I won't publish a complete new post at all times). USDCAD might be the next great pair move to trade. By means of this chart I show you my bullish wave count for the short and medium term. IF however this correction on the daily time frame happens to be over I need another bearish acceleration before I add another position to my current shorts.
I'm okay when my short @1.332 got stopped out at break-even, because I know that this pair has the probability of more than 90% that it will go down eventually. Without taking out the high at 1.4688 before the next bearish impulse.
I'm okay when my short @1.332 got stopped out at break-even, because I know that this pair has the probability of more than 90% that it will go down eventually. Without taking out the high at 1.4688 before the next bearish impulse.
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The bigger picture is working out perfect so far. Short term however I like to see a consolidation to tell us more about what's next. Comparable to USDJPY possible ending diagonal, an ending diagonal is going hand in hand with 3 wave corrections so don't chase the trade if you want to trade high probability set-ups.
The bigger picture is working out perfect so far. Short term however I like to see a consolidation to tell us more about what's next. Comparable to USDJPY possible ending diagonal, an ending diagonal is going hand in hand with 3 wave corrections so don't chase the trade if you want to trade high probability set-ups.
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The short term count shows two scenario's, either the correction is over or we only saw the first ABC pattern of lesser degree (my preferred bullish scenario for now).
Let the market tell us what's next by means of a confirmation of structure.