WaveExpert
Short

Upcoming Trade Setup on USDCAD!

FX:USDCAD   U.S. Dollar/Canadian Dollar
2750 27 58
The pair USDCAD             is going to make a down move if it break the inside pattern! Its in correction mode on Weekly timeframe and got number of chance of down move! Break down of bottom trendline of higher correction we may see a further fall! So keep an eye on this pair!

Trade according to your own strategy!
Thanks
Trade active: Breaking out!
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Comment: Update:
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Umm, I have to rethink on Oil then :|
+4 Reply
:P
+5 Reply
Very nice setup!
+3 Reply
WaveExpert PRO ForexHunter007
thanks
+4 Reply
Chance is equl for a b/o upside !
+4 Reply
very right waterman! but we have some edge towards downside!
+3 Reply
Excellent, WaveExpert! Good trades to you!
+3 Reply
WaveExpert PRO FreshOilTrader
thank you!
+4 Reply
What do u mean by correction there
+3 Reply
pattern formation!
+4 Reply
nice!
+3 Reply
thanks
+4 Reply
hi
so this is a channel within a bigger channel? so if short, and it hovers in the mid range of the channel, we will wait for it to go down further, right ?
+3 Reply
right!
+4 Reply
Super
+2 Reply
Thanks
+4 Reply
Great stuff as always WE

Question, am curious...how do u take your position, automatically on a break, a re-test of the break or S+R, candle action on lower TF's? Thxs
+3 Reply
Fash...Me too curious...

But in my experience it depends entirely on structure.. Some time you have to wait for a flag after breakout, some time just a pul back,some time a little retracement.. And in one specific pattern not to wait at all, trigger on just breakout... Isn't is so wave expert??
+1 Reply
arshadd arshadd
Fash: all you need is to master this "some time" ...
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Nice setup
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thank you!
+2 Reply
Great
+1 Reply
WaveExpert PRO PakistaniHeroes
:)
+2 Reply
This time I think it can be huge.
Very good risk/reward by setting stops just outside the structure.
Maximum potential
+1 Reply
This is the inverse pair, but it tells the picture quite well ;)
+2 Reply
very good work!
+1 Reply
Viking83 PRO WaveExpert
Thanks. This one is not so sophisticated, but it illustrates quite well that we are in outer band of the zone. Given that we are to see a strengthening of the CAD, the place to be a buyer is here. The dollar DXY closed right below a GANN resistance line from 2002 on weekly charts. The dollar is most likely due for an intermediate cycle degree correction. Let's see in the coming week. Have a nice weekend!
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