FX:USDCAD   U.S. Dollar/Canadian Dollar
18974 66 365
3 months ago
Hi Guys, I am waiting for a another sell on the USDCAD             . this one might be a correction back to the trend but it's still good R/R.



Trade with care
Thank you for support.
3 months ago
Comment:
snapshot
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cpozzer
3 months ago
I will keep an eye on this one, thanks Anil!
+6 Reply
wallboys
3 months ago
Good game we played
+1 Reply
johnjlw
3 months ago
Hi Anil
you waiting for test of trendline???
+1 Reply
dmoss johnjlw
3 months ago
@johnjlw, yes wait for it; it might go a little higher than the last high of the uptrend, but it sure will come down
+1 Reply
Fox_
3 months ago
Thank you Sir
+1 Reply
pmcllc PRO
3 months ago
thanks Anil for sharing your view
+2 Reply
Charlessrhodes1
3 months ago
will be keeping an eye on this one
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AbdullahArslan
3 months ago
its been for a long time waiting for sell. supposed to be moved down anyway
still waiting. it will be nice move anil :D
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MASIFJASS
3 months ago
Thanks For Chart
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stefano.pennisi.3
3 months ago
the way is right but need attention to oil's movement
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AdnanKhan
3 months ago
thank you
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I guess it's no more valid now?
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03224739497
3 months ago
in my chart its not broken

http://i63.tinypic.com/9a4jf6.png
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Prome PRO 03224739497
3 months ago
@03224739497, Don't use external image hosting. Just copy and paste image link from tradingview.com in the comments.
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ezodisy
3 months ago
zoom out
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jorv2074
3 months ago
Don't you think this has now broken to the upside. At what point would you consider your sell prediction to be invalid?
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Jor4hub jorv2074
3 months ago
@jorv2074, this sell is valid until it breaks the top
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jorv2074 Jor4hub
3 months ago
@Jor4hub, what is that top? It has already broken so many tops
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Jor4hub jorv2074
3 months ago
@jorv2074, Mount Everest on the daily
Reply
jorv2074 Jor4hub
3 months ago
@Jor4hub, if trading does not work out for you, try comedy
Reply
Jor4hub jorv2074
3 months ago
@jorv2074, lol I'm serious this pair has been consolidating for ages
+2 Reply
Christian88
3 months ago
USDCAD has been such a tease with sell setups lately, good eye Anil!
Reply
marcoweb79 PRO
3 months ago
I guess the sell setup is due to the downtrend of the Oil. Once it will rich the support the CAD will be ready to drop :)
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bjmlsu
3 months ago
Interesting why my chart does not look like your chart. My price is not identical to yours on tradingview...my trading view matches my FXCM account.
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JovanVeskovic bjmlsu
3 months ago
@bjmlsu, choose the right time .... I think this is a 4hour chart...
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bjmlsu JovanVeskovic
3 months ago
@JovanVeskovic, He is showing a 60 minute chart. I found my error. I was using the wrong beginning point based on the new structure. Thanks!

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JovanVeskovic bjmlsu
3 months ago
@bjmlsu, you see, you know more than I do :)))
Good luck !
+1 Reply
JovanVeskovic
3 months ago
I'm in ...
+2 Reply
javitofx
3 months ago
hi , is good entry in asia session¿?
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AlexJaensson
3 months ago
I entered a few hours ago, but it looks like the move is really picking up some momentum now. Hopefully it's downhill from here!
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HoneyBhardwaj
3 months ago
usdchf is also looking good
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streetgainer
3 months ago
Bear trap.
+1 Reply
anilmangal TOP streetgainer
3 months ago
@streetgainer, and I am in the trap, with good profit
+4 Reply
streetgainer anilmangal
3 months ago
@anilmangal, Good call. OPEC news saved you on this one. Good call though.
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anilmangal TOP streetgainer
3 months ago
@streetgainer, yes sir , i have my inside source in OPEC , actually i told them what to do so they can save my call!
+10 Reply
Yka7 anilmangal
3 months ago
@anilmangal, Now Sir consolidation? Farther down?
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Munkh-Erdene
3 months ago
What about sell rignt now?
+1 Reply
nikokoev
3 months ago
It could be beginning of wave C from a larger TF
snapshot
+4 Reply
frankdukejunior nikokoev
3 months ago
@nikokoev, your wave 5 should be wave 3 higher degree
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frankdukejunior frankdukejunior
3 months ago
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nikokoev frankdukejunior
3 months ago
@frankdukejunior, In my view this is completed 5 wave cycle from weekly TF.
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frankdukejunior nikokoev
3 months ago
@nikokoev, I guess we are saying the same thing:)
+1 Reply
IyanKomeng
3 months ago
SELL 1 LOT TP 1.3320
+1 Reply
IyanKomeng IyanKomeng
3 months ago
SL 1.3590
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YuXiuCui IyanKomeng
3 months ago
@IyanKomeng, me too. Tp1.34
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IyanSauri YuXiuCui
3 months ago
@YuXiuCui, are you sure??
+1 Reply
YuXiuCui IyanSauri
3 months ago
@IyanSauri, yep! Entry 1.354
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YuXiuCui IyanSauri
3 months ago
@IyanSauri, hit my target point. Can sell now?
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Yka7
3 months ago
keep selling sir?
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Fox_
3 months ago
this one going to stop out -1r only few pips remain
+1 Reply
Kinggary1994 Fox_
3 months ago
@Fox_, what do you mean?
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Fox_
3 months ago
@Kinggary1994 sorry by mistake i was talking about AUDJPY
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Kinggary1994 Fox_
3 months ago
@Fox_, lol all good , if you dont mind me asking whats your PT for usd/cad?
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Fox_ Kinggary1994
3 months ago
@Kinggary1994, i took only one trade and that was in AUDJPY cz of Money Money Management. i am not into usdcad but safe area is around 1.3400 thn it all depends on Structure
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chimpsky PRO
3 months ago
nice setup.
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Hyobu
3 months ago
Would CAD manufacturing sales data which is predicted to come out negative, move the price back up again?
I am new trader, sorry for stupid question.
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ruthrajamanie
3 months ago
Hi Anil, any update on this?
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AngularACG
3 months ago
Hi Anil, do you plan to update the DXY?
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ruthrajamanie
3 months ago
Thank you for sharing
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margaux
3 months ago
Dear Anil, Looking at your USDCAD chart and comment - is the range 1.3560 -.1.36 Ok to short USDCAD currently / soon?
Thank you, Margaux
Reply
schakim PRO
3 months ago
Totally agree with the latest projection, looks like a 5th wave in an ending diagonal, and it should be strait down (to) h*ll from there. It probably still need some more time to work out as there probably will be some U$D profit taking today, so next week most likely. My Hurst Cycles indicator has projected an 18-months cycle (FLD) target at about 1.09, which may seem long fetched from here, but hey not long ago we were at parity and even beyond for the Loonie ;-)
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Shadow800
3 months ago
Amazing, Anil...
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reggiecyy
3 months ago
Dear Anil,

I find your analysis extremely intriguing and insightful. With the sell setup above, I understand the first signal is the uptrend line being broken. Your text says 'wait for another sell setup'. Sorry for my ignorance, but could you please explain what was the second signal that triggered the sell order?

Thanks so much!
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anilmangal TOP reggiecyy
3 months ago
@reggiecyy, the second signal depends on your strategy for trading such setup, if you don't have any then you need to do more studies, get a strategy , back test it yourself, forward test it on demo then implement it . You then have to use good MM and manage the trade. If all of that seems too much for you then you are not ready to trade live. NO ONE has become successful trading signals given by any traders. You can be successful if YOU have the knowledge, if YOU understand the risk, if YOU can manage the trades and if YOU are willing to take responsibility for your actions.
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anilmangal TOP reggiecyy
3 months ago
@reggiecyy, BTW check the last chart i posted on this pair
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reggiecyy anilmangal
2 months ago
@anilmangal,

I think I know the answer: ascending broadening wedge with divergence. Thanks!
Reply
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