tntsunrise
Short

USDCAD Sell this wedge

FX:USDCAD   U.S. Dollar/Canadian Dollar
3681 38 102
After a Gartley Pattern
USDCAD             makes a higher high
However, it rallys too fast.
Sell this Wedge
a big correction will happen after
this wedge broken
TP1: 1.4560
TP2: 1.4430
Comment: QUITE NICE REVERSAL
Wedge broken
Comment: 200 pips already.
Comment: 1st target hit. 2nd target going to hit as well
Comment: TP 2 HIT
Comment: still holding my rest position. i think 1.4650 will be the pivot for the whole year.
i will keep this risk free trade and hold as much as i want.
weekly chart shows usdcad may go back to 1.34
Comment: 500 pips in profit
Trade closed manually: Closed all position at 1.3200, This trade is very profitable!
1.4650-1.3200: that is 1450 pips
Congratulations for those trader who can be so patient and hold the short position
untill now.
If you are one of them, pls reply +1 so that I can see who are the patient hunter :)
Comment:
USDCAD Trading Review : Patient Pays

are you patient enough?
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crazy ucad... going above 1.4655 will be again bullish lets see... good entry to short..
Reply
Nice Setup. Good and Thanks. How to like. sorry i am new here
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tntsunrise TOP balaji2309
thank you. you can click the thumb button
Reply
what will happen to this pair if the fundamental side continues to worse for the CAD? tomorrow's rate decision and oil keep pressing lower.....
Reply
if cut rate. USDCAD will go 1.4950
Reply
jhakas tntsunrise
I dare to say.. i see ucad going for 1.52 as per monthly chart..
Reply
Good View. you can tp at 1.50 if you holding long position. this is an hourly chart, we can still short after this wedge breaks
Reply
jhakas tntsunrise
i am already out from long.. now short.. i think buy on retracements is more good idea then holding long...
Reply
u can leave partial of your position to hod long , partial of your position can be in and out to buy low sell high
+1 Reply
jhakas tntsunrise
yes agree.. but so far no body knows where exactly oil will fall... but as per seasonal months.. oil will keep on sell till march and ucad on rise till march or mid of march...
Reply
IvanLabrie PRO tntsunrise
This is a great idea...
Reply
Looks like it got invalidated.
I switched to long only after my short failed.
We have no upside cap basically...1.5 should be within reach.
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GoodLuckbabe IvanLabrie
hahahahah that wright
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IvanLabrie PRO GoodLuckbabe
It had to hold that resistance in my chart, for me to go down, now crude can go to 22. We'll get plenty of chances to counter short but it's not my style in general. TNT here is good at that.
Reply
GoodLuckbabe IvanLabrie
yes you are wright i am agree with you brother i think crude will shoot up between 13 to 22 i think between these two figures it will be very good idea to catch the bottom for longer term this is just short term fall we gonna see prices will shoot up very quickly as many people are trying to catch the bottom for longer period of time
Reply
IvanLabrie PRO GoodLuckbabe
There's institutional buying here already, and people who have been lending the crude contracts to short traders for interest...once these guys bleed enough, it'll turn around.
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IvanLabrie PRO IvanLabrie
To short someone has to lend you CAD or crude...think about them, they own this from who knows when. :p
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GoodLuckbabe IvanLabrie
agree
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ucad still in sell pattern... as far as it holds todays high.. it will ease down towards 1.45
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awesomeness !! Already made 500 GBP in single trade hope so it sustains and go more down :-)
Reply
tntsunrise TOP FawadJawed
congrats!
+2 Reply
GoodLuckbabe FawadJawed
i think you have loss that 500 back to the market
Reply
FawadJawed GoodLuckbabe
thts true lol as it got reversed so quick and i got stopped out with no PL still managed 200 GBP in short :-)
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GoodLuckbabe FawadJawed
thats very good congrats
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Thankyou BOC :-) Nice and brave decision !
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Class!
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wow, it did happen.
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Beaifull , it seems like USDCAD is DEAD
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well done; this really worked out;
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Well trade setup mate, great job :)
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101.2 pips TARGET 2nd ..........thanks bro
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Nice . Congratulation !
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gu ji shi xi da da zai zhong dong de zuo yong USDCAD niu JACK wei wu ! ha ha ha
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tntsunrise TOP WuHaodong9966
hahaha xi da da wei wu
Reply
Nice one sir
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Not one with a +1. Shows the difficulty. Great job sir.
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haha. let's be patient, its asia time now,
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