FullTimeTrader

USDCAD-is forming a perfect expanding ending diagonal

FX:USDCAD   U.S. Dollar/Canadian Dollar
896 15 16
Very nice, this count shows that price is forming an expanding ending diagonal with perfect relationships:

- wave 3 = 1.61 wave 1
- wave 4= 1.61 wave 2

Now final wave 5 is unfolding. This wave usually fails to reach the upper trendline.

The turning point is near!!!

Regards.

Rebounds

catabondu
short
catabondu about USDCAD a year ago
This would be a weird occurrence, but if valid, great stuff.
Reply
tupaitrader
a year ago
maybe we can make a desicion on 1.3355 area....wheather it breaks or show some rejection....i think this will be a good example for me...bcoz i never counting the expanding diagonal formation before this...thanks man..
Reply
FullTimeTrader tupaitrader
a year ago
Hello, i wanto to trade this pair long term. On D1 chart the uptrend is still intact. My prefered area for a long term short is the figure 1.3500 according to my long term analysis. This pattern will have "the right look" if price gets to that zone. Regards.
Reply
catabondu
a year ago
We have the same final destination, but different scenario. I like you analysis, I like your skills.

short
Reply
FullTimeTrader catabondu
a year ago
hello, im also trading that big crab, its confirmed by other analysis. good luck.
Reply
URIFX
a year ago
I just concern about the wave 4 that overlapped wave 1. I will not count these waves in one higher level wave. However, I also looking for moving up from bottom.
USDCAD: Repeat a corrective pattern again

Thanks
Reply
URIFX URIFX
a year ago
Sorry FuntimeTrader, I don't read the title "PERFECT EXPANDING ENDING DIAGONAL" but I cannot delete my comment. :D
Reply
FullTimeTrader URIFX
a year ago
No problem, seems your trade is going in your favor, well done. As i said i want to catch the long term decline. Regards.
Reply
aibek
a year ago
Hey FullTimeTrader!
USDCAD heard about your ED and escaped beforehand not to be caught )))))! Nice charts! Thanks!
Reply
aibek aibek
a year ago
if its ABC wave up then C=A will get to your target I guess around 1.3380
Reply
FullTimeTrader aibek
a year ago
Difficult to say right now, if the price breaks the trendline on my chart i will consider other options. Regards.
Reply
aibek FullTimeTrader
a year ago
Didn't watch loonie for several months, updated, here is my view if you don't mind, by the way many thanks for AO oscillator (never heard shame on me).

snapshot
Reply
aibek aibek
a year ago
this picture correlates with USoil as it is rising as cad does now. And oil has super-extended wave 3 either.
snapshot
Reply
FullTimeTrader aibek
a year ago
No problems, i have some alternate counts here and yours is one of them. The correlation is useful but not to the pip. Lets see next days. Regards.
Reply
griffin1989
a year ago
i'am also preparing to go short long term. my entry would be at 1.33530
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out