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Charliepips11

USDCAD is going to Tank down but when..

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Charliepips11  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Wave Analysis Chart Patterns Beyond Technical Analysis USDCAD usdcadshort usdcadanalysis usdcadsignal usdcadprediction usdcadsetup usdcadforecast usdcadidea usdcadshortsetup
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waveanalysis chartpattern beyondta usdcad usdcadshort usdcadanalysis usdcadsignal usdcadprediction usdcadsetup usdcadforecast usdcadidea usdcadshortsetup
So to break this trade down down properly I started by looking on the daily time frame and saw there was a bullish liquidity purge, came down to our 1H time frame to confirm that we are indeed inside of a order block and to be clear about this particular setup its the "Holy Grail" or Elliot wave pattern. To see things a little more clear I've used the 15 or 5 MIN time frame to spot out the distribution and accumulation phases and liquidity has been swept from March 19th. I'd look for a 5 Min entry at 1.36127 and target the very bottom consolidation at 1.34558. SL at 1.36146. To maximize any profits trail stop losses!! secure the BAG and good luck!
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