FX:USDCAD   U.S. Dollar/Canadian Dollar
19095 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
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I will keep an eye on this one, thanks Anil!
+6 Reply
Good game we played
+1 Reply
Hi Anil
you waiting for test of trendline???
+1 Reply
dmoss johnjlw
@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
Thank you Sir
+1 Reply
thanks Anil for sharing your view
+2 Reply
will be keeping an eye on this one
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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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Thanks For Chart
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the way is right but need attention to oil's movement
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thank you
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I guess it's no more valid now?
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in my chart its not broken

http://i63.tinypic.com/9a4jf6.png
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Prome PRO 03224739497
@03224739497, Don't use external image hosting. Just copy and paste image link from tradingview.com in the comments.
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zoom out
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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
@jorv2074, this sell is valid until it breaks the top
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jorv2074 Jor4hub
@Jor4hub, what is that top? It has already broken so many tops
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Jor4hub jorv2074
@jorv2074, Mount Everest on the daily
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jorv2074 Jor4hub
@Jor4hub, if trading does not work out for you, try comedy
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Jor4hub jorv2074
@jorv2074, lol I'm serious this pair has been consolidating for ages
+2 Reply
USDCAD has been such a tease with sell setups lately, good eye Anil!
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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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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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@bjmlsu, choose the right time .... I think this is a 4hour chart...
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bjmlsu JovanVeskovic
@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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@bjmlsu, you see, you know more than I do :)))
Good luck !
+1 Reply
I'm in ...
+2 Reply
hi , is good entry in asia session¿?
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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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usdchf is also looking good
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Bear trap.
+1 Reply
anilmangal PRO streetgainer
@streetgainer, and I am in the trap, with good profit
+4 Reply
streetgainer anilmangal
@anilmangal, Good call. OPEC news saved you on this one. Good call though.
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anilmangal PRO streetgainer
@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
@anilmangal, Now Sir consolidation? Farther down?
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What about sell rignt now?
+1 Reply
It could be beginning of wave C from a larger TF
snapshot
+4 Reply
@nikokoev, your wave 5 should be wave 3 higher degree
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frankdukejunior frankdukejunior
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nikokoev frankdukejunior
@frankdukejunior, In my view this is completed 5 wave cycle from weekly TF.
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@nikokoev, I guess we are saying the same thing:)
+1 Reply
SELL 1 LOT TP 1.3320
+1 Reply
IyanKomeng IyanKomeng
SL 1.3590
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YuXiuCui IyanKomeng
@IyanKomeng, me too. Tp1.34
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IyanSauri YuXiuCui
@YuXiuCui, are you sure??
+1 Reply
YuXiuCui IyanSauri
@IyanSauri, yep! Entry 1.354
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YuXiuCui IyanSauri
@IyanSauri, hit my target point. Can sell now?
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keep selling sir?
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this one going to stop out -1r only few pips remain
+1 Reply
@Fox_, what do you mean?
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@Kinggary1994 sorry by mistake i was talking about AUDJPY
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@Fox_, lol all good , if you dont mind me asking whats your PT for usd/cad?
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Fox_ Kinggary1994
@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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nice setup.
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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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Hi Anil, any update on this?
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Hi Anil, do you plan to update the DXY?
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Thank you for sharing
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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
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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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Amazing, Anil...
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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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@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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@reggiecyy, BTW check the last chart i posted on this pair
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reggiecyy anilmangal
@anilmangal,

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