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?
Reply
NickCoulby PRO moorekapital
a year ago
Yes, hence the entry/exit targets that are dependent on confirming price action
Reply
NickCoulby PRO moorekapital
a year ago
Tim West methodology is great too
+1 Reply
moorekapital PRO NickCoulby
a year ago
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.
Reply
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
a year ago
max*
Reply
IvanLabrie PRO IvanLabrie
a year ago
*these
Reply
moorekapital PRO IvanLabrie
a year ago
ANTICIPATING PRICE ACTION IS NICE: REACTING TO PRICE ACTION IS KEY 'for me'
Reply
IvanLabrie PRO moorekapital
a year ago
Time at mode targets are there, already confirmed, let's see what happens tomorrow.
Reply
Eugene_Titov
a year ago
News on CAD are bad(
Reply
NickCoulby PRO Eugene_Titov
a year ago
Thanks for the update!
Reply
Deleted
a year ago
yikes
thats a fail
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out