For context and how we doubled our account by not risking more than 2 percent see link below:
I expect to see at least 1 leg higher by means of a wave 5 in orange to target our long term target at 1.34.
Watch for the consolidation to complete before buying USDCAD. I prefer to see a more significant retrace than what we see so far after the bullish move on Friday.
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Watch for the consolidation to complete before buying USDCAD. I prefer to see a more significant retrace than what we see so far after the bullish move on Friday.
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Bình luận:
This is what I like to see guy's, the more significant correction is in progress. Let's see whether it turns into a nice bullish flag. Then buy the continuation.
Bình luận:
example of possible consolidation and what to look for:
Bình luận:
It turns out we saw a Flat correction for the USDCAD (if we don't invalidate the buy set-up).
I personally didn't trade this pair but the entry was valid. Nevertheless wait for the next confirmation and you will more than make up for it.
Safe trades!
Safe trades!
Bình luận:
Buy set-up invalidated, no trigger and we will reevaluate.
