tntsunrise
Short

USDCAD WEEKLY AB=CD INSIDE A WEDGE!

FX:USDCAD   U.S. Dollar/Canadian Dollar
2591 27 62
USDCAD             WEEKLY ANALYSIS
This is a Huge Wedge since 2014.
Today the price already touched the upper edge
I am really excited that it's getting closer and closer!

There is an AB=CD Pattern inside the wedge
And the level is: 1.4370!
The 1.618 ext is at 1.4400.
Look closely for the Price action at this level
This might be a great turning point
Get ready to short.
I will keep you guys updated in lower time frame.
once the price is in that zone.
Goold Luck!
Trade active: 1.4370 order filled.
1.4400 pending
Comment: Nice reversal! POWER OF AB=CD
Comment: huge spike to 1.4500 in just 5 mins. get out from this trade first and decide whether to re-enter later.
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Nice
Reply
i think it's batter to stay away from all CAD pair for few day's and wait for strong reversal signal....
Reply
tntsunrise TOP prashantfx
true. it's too fragile.
Reply
prashantfx tntsunrise
yeah :-)
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LukaszMosinski tntsunrise
I believe that this 200 pips up it is the signal that will drop soon and 1,4500 is the limit.
Reply
what a rally in dis pair today almost 200 pips up
Reply
tntsunrise TOP prashantfx
tha's crazy. and oil did not drop too much. a lot of breakout limit order was triggered i think.
Reply
prashantfx tntsunrise
yeah you are right ...
Reply
It seems like bulls going to exhaust soon now.. already shorted at 1.4392.. Second order pending at 1.4300 level.. Best of luck guys for this trade as it seems to be a huge opportunity to make money.. RSI all overbought..Oil future going to end shortly..
Just waiting for nice reversal :-)
Reply
What ia the stoploss
Reply
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