FX:USDCAD   U.S. Dollar / Canadian Dollar
2931 21 164
I will be looking to sell the breakout.
Remember the consolidation can still continue so don't jump in before it confirms the breakout.

Trade with care

still a sell
Comment: OK so the CAD did not correct and break it just reverse. If you took the early breakout without waiting for the correction, I hope you got at lease a BE trade.
Now I am waiting for a downwards correction then the buy , if it reverse again then I'll be looking for some wedge pattern in the making .
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just sold small lot at 61.8 fib level .finger crossed
Couldn't have put it better myself, nice analysis
+1 Reply
nice one Anil.
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Not the prettiest of patterns but potentially what can be made of it?

wat will be your stop
This is a great pair to trade. Great setups all the time Anil.
Superb Trade! Thank you, Anil. This one will go BIG.... :-)
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Good idea sir ! we do the same
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Thanks , be happy happy happy
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Caledonian57 mahmoodnoori
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