fstrader1
Short

USDCAD - Possible Sell Setup on the way

FX:USDCAD   U.S. Dollar / Canadian Dollar
261 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.
perfect
Reply
fstrader1 PRO Wave-Trader
Thanks Wave-Trader. I appreciate it.
Reply
hi, how do u know where to enter . to put sl ?
Reply
fstrader1 PRO janne0536
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.
Reply
janne0536 fstrader1
wow thanks for that complete answer my friend :)
Reply
fstrader1 PRO janne0536
No problem.
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
简体中文
繁體中文
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