glennmercer
Long

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.
snapshot
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:
snapshot
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!
USDCAD LONG Rally Is ON:  Here
Trade closed: target reached: As shown on related idea, this one is complete. Well done everybody
Nice trade!!!
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Thanks, Bud!
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rigen glennmercer
Excellent...glen. You are the bossed it out
+1 Reply
Thanks Rigen
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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?
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glennmercer PRO 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
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following you on this, slowstoch and rsi support
+1 Reply
Great, good luck to you sir
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