FX:USDCAD   U.S. Dollar / Canadian Dollar
One the 4H timeframe, we have a nice triple three correction which has potentially reached its completion with this wave-((z)):

We are now seeing wave-((c)) of a potential expanded flat, which if true will mean the third and fifth wave are coming which means strong bearish price action. The stop is tightly placed above the beginning of wave-(i) since rally above this level invalidates the breakout and likely points to a potential fourth wave triangle. More updates to come...
Trade active
Trade closed: stop reached: Trade closed, we have ourselves a triangle continuation:

Now, I'll wait for the final wave to complete to find a bearish impulse and pullback to re-enter (unless invalidation level is violated).
Comment: Here my trade setup for the short opportunity that followed:

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out