In my second recent post which was an update (see Related Ideas:"UPDATE #1: USDCAD: Wave 4 Is Underway. But First, A Bat"), I showed a pattern (blue) that was developing that I thought might mark the end of wave A of the ABC wave 4 but prices never reached that far to fill that bat before reversing up in a wave B. I also mentioned that when that bat got filled, I would get LONG for the wave B because it would be a trend trade regardless of what my wave count was since there is no 100% guarantee my wave count is correct. BUT...since prices never go there, my buy orders were never filled. Seems this pair has come up short on a few patterns lately! Remember the 2 bats I posted before that never got filled?
So now I am again just waiting for the next trade opportunity in this pair.....
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
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