Wave-Trader
Short

EURCAD Expecting short

FX:EURCAD   Euro Fx/Canadian Dollar
3964 25 106
I am expecting short on this pair. In case if price breakup then i will look for change in pattern and structure.
Comment: Trend line broken watching for trend continuation pattern to the downside
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Comment: This pair playing well if you are not in then wait for next trend continuation pattern and then look for short. If will see that i will update that..
Comment: I am still bearish on this pair watch for breakout here is the update.
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Comment: Watching price action over the trend line if price breakdown then i will look for trend continuation pattern for further downside. this pair is playing amazingly.
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Comment: So far so good this pair played well. Now i am looking for change in trend here is the update fellows.....
EURCAD Up trend is emerging
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Have spotted the same thing, great job, I follow your posts, keep up mate!
+2 Reply
You are most welcome mate and than you very much for your feedback.
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Hey, thanks for the chart. Are you considering today's data in this chart? Unemployment change 10.1% - 10.0%?

Thanks!
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Wave-Trader PRO HumairDawood
yes absolutely
+1 Reply
Thanks for the update! Question will you sell at the break of the yellow line?
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we have couple of strategy to get into the market mate. we do not get in to the market based only on trend line ya.
+1 Reply
Thanks for you're Share !
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my pleasure mate.
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hey , i always follow your setups and always learn a thing or two the only challenges i face are entry points. how can you advice me on those basis ... do we confirm entry with a breakout? candle stick info ? or indicators such as macd or rsi? id be grateful for your assistance thank you
+2 Reply
This is part of the trading because we have some rules how to get into the market when price is on reversal point mate.
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melvin414 Wave-Trader
thank you so much ...would you mind sharing a few rules that one must look into before entry? mate
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Thank you for this setup. Waiting patiently for a sell setup soon.
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Wave-Trader PRO senejani.ali
good luck mate
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Why do you think that a break up will change pattern and structure? Actually this recent up move is a C wave of a larger corrective structure so it is expected to break structure and you could never forecast how far it will push up before turning... looking for the downside is a great idea though! and I presume that you will not take this trade blindly in a counter-trend mode, but will wait for a confirmation that the turn has happened...than you won't have surprises
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I hope you got your answer from the market mate. i dont need to reply your question.
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Koryphaeen PRO Wave-Trader
The question wasn't whether it goes down or not...it was obvious it will, it was a good direction call, as I told you. The question was why do you thought it would not break structure (aka previous high) and the break would mean that the setup is invalid? As I told you, it had to break the previous top and it did, that's not an invalidation sign, that was actually the validation of the structure completion. ;)
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Koryphaeen PRO Wave-Trader
@Wave-Trader, You see, mate, what I meant? It has to break structure to confirm the pattern and then it will go down, so that is why the downside was and is a good idea/forecast. You said that if it breaks "structure" it is not a valid setup anymore, so you have now missed the trade, been taken out for a loss or in the best case for break even... It's how the structure behaves...if you really understand it. Now you can look for a sell setup...it is in the making...
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Price gapped down sharply, what are your views now on this setup?
+2 Reply
Wave-Trader PRO senejani.ali
i hope you are in mate. my view is still downside
+1 Reply
senejani.ali PRO Wave-Trader
Great setup. Yes in the sell with 130+pips in profit so far :)
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Wave-Trader PRO senejani.ali
Cheers good luck mate
+1 Reply
nice setup sir g,
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Thank you very much for your feedback mate
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this thing goes like crazy, all the way to 1.37?
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Thanks
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