Hi fellows, USDCAD is setting up for big wave. Price erasing last 5 days gain in a single day. Which means that selling pressure is so strong and USDCAD forming new top on current price in recent past weeks. Before entering in the market watch for pullback on lower time frame and then look for sell. Follow me on lower time frame for pullback. This trade setup has a huge potential.
Nota
TCP is forming on lower time frame like 1hr currently it looks like sharp to the upside so let it complete it self then look for sell.Nota
Watch the break out fellows. Price trying to break the flag.Nota
Breaking fellows. Get ready for next job fellows. Now watch for the last low for change in pattern formation if price keep falling then good luck for further downside. In case price stop at last lowe and change the pattern formation then we will analyse the change in pattern formation.Nota
USDCAD is in bigger correction. Soon we gonna see breakdown on this pair. If price do not break down then keep selling this pair from top keep taking small profit on bottom and if you will see that price is breaking the bottom then hold your trade up top the 1.32000. Remember selling on breakout no gonna give you good risk reward ratio so watch for sell from top. In case price break up and form new top the we will watch for impulse again from top for any selling. Here is the update. Nota
Its time to manage the trade and wave which is on its way so good luck those who are in to this trade.Nota
If i will see another TCP formation or TRP formation i will update the idea.Nota
Watch for breakout. No selling on breakout. Those fellows who are holding short from top Watch for breakout. Those who are looking for sell please watch for breakout and look for another TCP. Selling form current price may give you losing trade. Good Luck fellows and enjoy the USDCAD.Nota
Breaking Further downside possible. Enjoy the USDCAD fellowsNota
I hope you fellows are in this trade and have not cut your profit early. More downside is possible.For Training visit.
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For Training visit.
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Website wave-trader.com
Website techtradingacademy.com
Slack: wavetraders.slack.com
Telegram: t.me/Wavetraders
X: twitter.com/Wave__Trader
FB: facebook.com/WTimran
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.