KVE
Long

USD/CAD: Buy the pullback or buy the breakout...?

FX_IDC:USDCAD   US DOLLAR / CANADIAN DOLLAR
111 0 6
6 months ago
Will we get a possible C wave down to get a nice entry lower down for the next impulse up?
2 possible entry zones on chart...

If it doesn't retrace further or for people who like to trade breakouts more than pullbacks: simply trade the breakout of the trendline above the current correction...

Choose wisely...
6 months ago
Comment: No breakout yet but not much downward momentum either... It seems that the support represented by the red line is holding, this red line is actually the top of a former larger degree wave 3 high.

Therefor I feel that we might break to the upside sooner than expected and not get the ideal entry, just a feeling...

Of course there's always the breakout trade... For that one it would be ideal to get a break above the high at (1) with a re-test to that level and than a continued move up to give us confidence... But we don't always get what we want...

Related Ideas

Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out