AbhishekHSinghCMT
Long

USDCAD- Above 1.2930-Temporary halt in down move

FX:USDCAD   U.S. Dollar/Canadian Dollar
242 1 8
USDCAD- (Alternate Count) -Close All Shorts-Possible U-turn


There is small change - I have done- the fall in "e" wave I was expecting to terminate above 1.2900 - looks like 5 wave impulse itself- so I am taking this as "a" wave of - e-leg

Trading Strategy- Any move above 1.2930 shall indicate that -UCAD looking for zone in 1.3000 handle -which will give us b-wave & then we shall expect a fall in "c-wave" of an e - wave of the triangle as pre previous update

Simply -going above 1.2930 - I shall be looking for 1.3000 + handle & shall book & search for selling opportunity for 100-120 pips in the zone 1.2850-1.2860
Trade active: 19:58 Hrs-IST-6th Sep2016- UCAD turns just below 1.2930- Made Session High@1.2928 & had a fall - just saved from going long which I was due above 1.2930
Trade closed manually: Sorry no more updates
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
12:15 Hrs- IST-9th Sep2016 Looks something similar as expected in drawings - shall be looking for 1.3000 handle zone before it falls with key support@1.2850.. Current Rate- 1.2930
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