TradingEW
Short

USDCAD preparing for more retracement

FX:USDCAD   U.S. Dollar / Canadian Dollar
128 9 7
Going short on (c) of correction 4 retracing towards 1.3400 area.
Trade closed: stop reached
Here's the 3 of 3 of 3, but not sure where the volume comes from, definitely not from Asia, where busy watching NY firework.
snapshot
Reply
More like a wave (3) of a 3rd wave developing to the downside
snapshot
Reply
TradingEW TradingEW
End of the year shorts for CAD pairs ??
Reply
I think stop should above wave (b) so it has more room, theatrically wave 2 should not retrace more than 100% of wave 1.
+1 Reply
TradingEW bharatest
Good point there, thanks!
Reply
Nice trade ideia! I shorted USDCAD few minutes ago!
Reply
TradingEW tempraturbo
It's looking good!
Reply
Stopped out. Reentered short at 0.6182 retracement.
Wave (2) correction retraced more than 80%. Now resume trend looking at taking ED bottom and breakout on wave (3) down.
snapshot
Reply
Minor correction (2) looks complete on 5min. at 50% retracement with an ED wave c.
Looking for a swift decline from here:
snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out