ernstschwarz

USDCAD 2618 Trade maybe coming

ernstschwarz Updated   
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Buy the pullback to the 61.8 levelStopp below the double-low.
Comment:
Please adjust the fib.

dont buy into this ralley now!
Comment:
adjust that thing like this.
Comment:
Things getting interesting now
Comment:
Look for something like this.
attention, this is 5 minutes chart!
we want to see a break of trendline to the upside, then a flag like the one i draw and then a break of this flag to the upside.

Trade active:
i opened a very very small trade because of the change of direction.
the trade loses 0.25% of my trading account when stopped out (below the double low), thats ok. but the potential reward is huge, thats ok.

for a bigger trade i dont have the setup ready yet.
Comment:
look at EURCAD and NZDCAD, too while waiting.
Comment:
a lesson in impatience haha
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