FX:USDCAD   U.S. Dollar/Canadian Dollar
4256 21 164
The USDCAD             is in a corrective up trend on the 240. There is a possibility of one more impulse before it breaks, but if it breaks on this down move then selling the breakout is a good idea.

Trade with care.

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USDCAD

The blue one looks like an expending diagonal... would its break be a good enough confirmation for a sell?
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most likely will test 1.3470 first
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One more impulsive wave is something I expect also, lets see how it goes
USDCAD PERHAPS THE LAST WAVE UP BEFORE MAJOR CORRECTION
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snapshot


SHORT BIAS ALSO
TG1: 1.3283
TG2: 1.3061
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It´s a pleasure to watch your comments.
I love structures. They are much better for us to understand what´s going on.
Simple and effective...
Take care and thank you.
+1 Reply
Will it break out the support and come in the sell zone
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Hi do we had a false breakout of the channel ? Thanks for your update
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no, nothing in the chart is false, It broke the lower degree channel but not the higher degree trend .
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you SIR Anil I got Major Respect for you.my methodology is 100% derived from you.I'm ignorant of support and resistance and animals and body parts from the chart just as you taught in your webinars. KEEP IT SIMPLE.MARKET MOVES IN WAVES.
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