short based on EW count

FX:USDCAD   U.S. Dollar / Canadian Dollar
287 4 9
A nice ending diagonal is finishing. It is time to go short now to catch the A wave of the corrective move.

Trade with care according to your trade plan.
Trade active:
the same diagonal in DT
+1 Reply
Koryphaeen aman...
Yes, this is an other possibility, to retest the resistance line you draw in before it will drop down, but in an uptrend I mainly rely on support trendline as indication of trend continuation or reversal (by breakout). Anyway, if the double top will not hold and I will be stopped out, I will look for reentering this trade when PA hits the resistance line on the daily. That is trading. :)
i hope it will hapen. thnks
Koryphaeen aman...
you know, in trading nothing is for sure... but let's hope it will unfold as the technical is showing, anyway, now is the best opportunity to take this trade, IF IT FITS YOUR TRADING PLAN! Good luck! ;)
+1 Reply
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