Koryphaeen
Short

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. :)
Reply
i hope it will hapen. thnks
Reply
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
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out