FullTimeTrader
Long

USDCAD-correction starting

FX:USDCAD   U.S. Dollar/Canadian Dollar
1674 5 37
a year ago
Hello, this trade is based on previous idea:
USDCAD-expecting a pullback at key support


- Price is reacting to the zone and extreme divergence is "in".
- According to EW price possible completed a 5-wave sequence.
- spike is showing rejection

On fridays many traders usually take profits and leave the market, we must take advantage of that (think different!!)

If nothing dramatical happens with oil             this could be a nice chance to make some extra pips.

Best regards.
a year ago
Comment: First target hit, moving SL to BE
a year ago
Comment: Second target hit. For last target i recommend using your prefered trailing stop management.
KennethKvistad
a year ago
Good:) We can hope a stedy pace in oil. But with oil we can never be 100% sure
Reply
aeu.webmaster
a year ago
thanks, made some money on this, since it is friday i got out early, don't want to stand in for the weekend lol
Reply
FullTimeTrader aeu.webmaster
a year ago
Great!! i will take some profits and leave the rest over the weekend. Regards.
Reply
OdoFx
a year ago
hello, possible H&S pattern on H1. what do you think?
Reply
FullTimeTrader OdoFx
a year ago
Im trading this on H4 chart, its better not to look other TF because we get confused. regards.
Reply
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