Hi Guys, keep an eye on this one if it breaks sell. The upside is still possible for a higher degree correction but no buy setup as yet , if it does give a setup i will update the chart.
Trade with care. Thank you for your support.
Komen
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Komen
marcusfx777
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nice analysis - hedging your bets...
dpgang
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@Derby, he is not hedging and so far 100 % right...Its global market not whatever you want it to be...
marcusfx777
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@dpgang, With due respect but no one on this forum is 100% right. I'm not sure I understand the comment, "Its global market not whatever you want it to be..."
anilmangal
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@Derby, you should start using your own brain power don't just recite things you hear, i am not saying it will go up OR down , i am saying IF it breaks the structure (which looks like a flag) THEN YOU SELL . If it doesn't break then you don't sell. The chance for an up move is strong based on the daily structure (which i posted and explained in my webinar) so in that case, I WILL WAIT since i don't have a setup to buy (although i have a strong believe it will go up.) so now that it is going up i will wait for the setup before i buy. If it reverse from there then i wait again since i don't have set up to trade. If you trade patterns like i do then you have to see a clear pattern before you take the trade. if you want to buy or sell for any other reason then be my guess. But don't just repeat things that you heard when you have no idea what it mean. You have a nice day and trade with care.
marcusfx777
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@anilmangal, No need to be insulting!I'm not just reciting things I hear - so Im not sure where you got that from? And yes, I know what your saying, its a flag it can go either way. I will be reporting your comment as this forum isnt about putting people down!
exoticfx
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@anilmangal, Hello Mr Mangal I have an idea. You should post a "chart" of a similar scenario you have traded to show exactly the set up and how it unfolded so you give people who want to follow your ideas an even better idea of what to look for? I don`t understand why your on here posting ideas if your not aware newbies could take what is a clear idea to you as the wrong information? I see what your saying here about the flag breaking and what not but i can also see how your post could be confused by someone to jump the gun and sell before the pattern was completed. Just a thought and maybe you have posted a similar idea and i would love to see how you interpret how a flag break works up or down!
nWTrd3R
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looks like we have a sell setup
cemfx
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Hi Anil I was always curious why are you so adamant on selling the USDCAD? I always hear how you always want to sell sell sell...is this just based on structure you see currently or is there another reason? thanks
cemfx
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@cemfx, I think I answered my own question...thank you for teachings