fstrader1
Short

USDCAD - Possible Sell Setup on the way

FX:USDCAD   U.S. Dollar/Canadian Dollar
248 6 3
USDCAD             is nearing the completion of an ascending channel. We may see a little more bearish movement before wave "e" rallies to completion at the upper trendline. Place a sell after reversal on upper trendline and ride it down to the bottom in profit. Use your own proven strategies. Thanks for looking.
janne0536
2 months ago
hi, how do u know where to enter . to put sl ?
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fstrader1 PRO janne0536
2 months ago
HI janne0536... I would wait until I saw price complete the wave at the upper trendline and give me confirmation of a trend reversal, such as a japanese candlestick reversal pattern, i.e, bearish engulfing pattern,etc, and then place a sell after that pattern has been completed. Place a reasonable stop (not a tight stop) above the upper trendline of the channel so as not to get stopped out. Use what works best for you, but for me, this is the best place to sell.
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janne0536 fstrader1
2 months ago
wow thanks for that complete answer my friend :)
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fstrader1 PRO janne0536
2 months ago
No problem.
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Wave-Trader TOP
2 months ago
perfect
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fstrader1 PRO Wave-Trader
2 months ago
Thanks Wave-Trader. I appreciate it.
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