FX:USDCAD   U.S. Dollar / Canadian Dollar
19133 66 374
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.
Comment:
snapshot
YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
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!
Reply
@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.
Reply
@reggiecyy, BTW check the last chart i posted on this pair
Reply
reggiecyy anilmangal
@anilmangal,

I think I know the answer: ascending broadening wedge with divergence. Thanks!
Reply
Amazing, Anil...
Reply
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 ;-)
Reply
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
Thank you for sharing
Reply
Hi Anil, do you plan to update the DXY?
Reply
Hi Anil, any update on this?
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
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