DAVID_GIRALDO
Long

ucad buy the breakout idea.

FX:USDCAD   U.S. Dollar/Canadian Dollar
158 3 5
ucad broke out of a trend but its breakout was slightly sluggish. we acctually got a correctional pattern out of it which we can look to buy the breakout of. i will be paying close attention to this expanding triangle as it can give us a nice ride up.

buy the breakout usdcad            
- expanding triangle
- oversold RSI
- 4 hr             trend b.o. is correctional
- price has not hit 38.2

enty: price breakout
sl: 1.27989(may change after b.o. depending on price action             )
tp: 1.33116

potencial gain: 400+ pips

btw             chart says "will not short until 133.116" i meant 1.33116 haha :)
Comment: looked at ucad one more time and found this that i hadnt seen. no need to buy the breakout. buy a candlestick rejection pattern if you get it. sl under the rejection
snapshot
Comment: buy this breakout
snapshot
Comment: no breakout. no trade. if price does still manage to make a bull impulse i will observe it and come to a desition of whether or not it is a trade i would like to take.
Trade active: ucad is makin a bullish impulse. i am a buyer
Comment: 50 pips already since entry. congrats if you entered on my update.
Comment: blue box is demand zone. if you have not entered, buy a bounce off the demand zone
this is th new setup. same tp, sl is the low
snapshot
how is it looking now? @1.2775
Reply
i am no longer looking for this setup. ignore it for now. if price does happen to close above the yellow consolidation trendline then depending on the momentum you could buy it
Reply
I am with you on this one but my TP is 1.32
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