anilmangal
Short

USDCAD waiting for breakout confirmation .

FX:USDCAD   U.S. Dollar/Canadian Dollar
2069 44 122
I have learnt to wait for the market to give me confirmation before I take a trade.
Even when i have a high probability trade that I have great confidence in I WAIT FOR CONFIRMATION.
Selling the break out is a great idea, we have been watching this pair for the down move for a while now and it keeps making new highs ,so waiting is a smart thing to do .

Like and comment if you agree.
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IS VERY GOOD ANALYSIS
Reply
MILAD-FX-26 MILAD-FX-26
USD CAD SELL
Reply
I still believe CAD will Fly verses USD
Reply
I would still wait for sell set up.

There could be one final push for Wave 5 with a divergence.

I believe., Selling would be safe only if the price breaks below invalidation.

snapshot
+1 Reply
Spot on!
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Adriese PRO Laliberte
Is it too late to get in on this trade?
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Anil, i believe this a BIG break out, what do you guys see??
Reply
Beginning to look more like a trade now. If you're patient, You'll benefit a lot!
snapshot
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I am still long for one more spike up, but I agree with the idea, because your entry is my stop, which confirms that I am bailing out on the right spot, if it breaks I will switch sides
USDCAD 1-9-2015
+2 Reply
moorekapital NidalDarawsheh
"I have learnt to wait for the market to give me confirmation before I take a trade.
Even when i have a high probability trade that I have great confidence in I WAIT FOR CONFIRMATION. "
Reply
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