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glennmercer
Mar 31, 2017 12:03 PM

USDCAD Wave Count: Long @ Potential ((1))-of-iii Long

U.S. Dollar/Canadian DollarFXCM

Description

Hey traders, coming in with an update on USDCAD and a trade on possible wave count with a >2:1 reward/risk ratio. I like the impulsive bullish move toward a potential five wave impulse to complete wave-((b)). After this move, should it complete, I want to look for shorts through a possible ((c))-wave which should be substantial and powerful. Cheers

Order cancelled

Cancelled after bearish impulse on CAD GDP release
Comments
StanLeee
You mean SL HIT right?
glennmercer
@StanLeee, No, trade was never triggered. Entry was above recent high.
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