"USDCAD waiting for breakout confirmation . " by trader anilmangal — published August 31, 2015

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U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

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

MILAD-FX-26

I still believe CAD will Fly verses USD

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.

Spot on!

Laliberte

Is it too late to get in on this trade?

Anil, i believe this a BIG break out, what do you guys see??

gbfx9

Beginning to look more like a trade now. If you're patient, You'll benefit a lot!

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

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. "

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