NickCoulby
Short

USDCAD nice hourly sell setup

FX:USDCAD   U.S. Dollar/Canadian Dollar
461 13 9
Analysis on chart.. diagonal looks to be building here
eish!, this waves thing.....mmmm I'll rather wait to do what price tells me
USDCAD: UPTREND CONTINUATION?
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NickCoulby PRO moorekapital
Yes, hence the entry/exit targets that are dependent on confirming price action
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NickCoulby PRO moorekapital
Tim West methodology is great too
+1 Reply
moorekapital NickCoulby
CERTAINLY! Mr West's TAM methodology made identifying SUPPORT n RESISTANCE zones a painless task 'for me' ;)
+1 Reply
I was under this impression as well, started looking like a terminal there.
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My target is 1.33372, based on 4h time at mode signals.
Now, it can fail, which would be really bearish...
Rgmov says down:

snapshot


If the wedge's valid, we shouldn't see v be larger than iii, this would give us: 1.33251 top nax,
One thing I don't like about the wedge: I don't see any other contracting terminal triangle anywhere on this chart...I do see diametric 7 wave triangles, everywhere.
This contract and then expand before topping, faking out the 'rising wedge' traders.

I'll wait for the time and price targets to confirm the short. Worst case scenario is illustrated by the dashed arrows which point to the profile balance point targets.
+1 Reply
IvanLabrie PRO IvanLabrie
max*
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IvanLabrie PRO IvanLabrie
*these
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moorekapital IvanLabrie
ANTICIPATING PRICE ACTION IS NICE: REACTING TO PRICE ACTION IS KEY 'for me'
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IvanLabrie PRO moorekapital
Time at mode targets are there, already confirmed, let's see what happens tomorrow.
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News on CAD are bad(
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NickCoulby PRO Eugene_Titov
Thanks for the update!
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yikes
thats a fail
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