FX:USDCAD   U.S. Dollar/Canadian Dollar
41 1 0
triangle pattren
dojitrader
2 years ago
Submitted for your thoughts and consideration . . .
snapshot

If you're thinking Elliott Wave - triangles always start with the A leg
being the first counter trend move and so forth until there are 5 legs.
Hopefully, with an internal count of 3-3-3-3-3 waves within the a-b-c-d-e.
The E leg should never go below C/A and they usually stop well short
of the bottom trend line, especially when things are very impulsive, so,
I'm expecting E to end in the area of support 1.0520/1.0500.
Perhaps the candlesticks will give me a clear entry trigger when to go long
if this pair is going to turn early or hit the bottom trend line first.
Thanks for publishing this chart. I had not thought of the Loonie for a while
and this looks like a very enticing trade.
Wishing you lots of pips in 2014 !!!!!
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