USDCAD LONG: Wave-((b)) Looks to be Complete!

FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey traders! Nice trade out of the symmetrical trianle last night into the completion of wave-((b))! Now, I want to trade the entire wave-((c)) into completion of complex corrective wave-Y. SL is placed tightly below lows as any drop below this point will invalidate the trade. Also, check out the correlating wave count on oil             . Happy trading!
Comment: Nice rally! +19 pips so far. Will move to B/E shortly.
Comment: Great rebound here! Stop moved to B/E. Currently sitting at a R/R of 2.5 at +19 pips. Good luck all
Comment: Excellent bullish rally with +60 Pips. Currently inside a beautiful extended third wave:
Comment: Beautiful move on this pair! We're currently sitting at a snapshot risk/reward of about 11:1. I want to ADD here. All future updates will be posted on this idea. Cheers!
Trade closed: target reached: As shown on related idea, this one is complete. Well done everybody
Nice trade!!!
Thanks, Bud!
rigen glennmercer
Excellent...glen. You are the bossed it out
+1 Reply
Thanks Rigen
Hi.! It can be considered as a daily, or weekly long trade position? You can see the possible formation of a doji candle on a daily chart. Can be considered as long?
glennmercer TheBossHoss
Hi boss hoss, I'llsee how the daily candle ends before drawing any conclusions but the Doji would nod toward general indecision and a potential reversal but nothing concrete enough for me to base a trade around IMO. As for hold time, this is roughly a 24-48 hour trade. Cheers
following you on this, slowstoch and rsi support
+1 Reply
Great, good luck to you sir
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