EverythingForex
Long

TRADE: USDCAD BUY@1.32800 Looking for wave 5

FX:USDCAD   U.S. Dollar/Canadian Dollar
982 1 29
As in my previous analysis on this pair, I believe that there is a wave 5 yet to come that will push prices right up to the .886 retrace level. And then from there, possibly start a large move down. So I am taking this LONG trade to catch this possible last push up and catch some pips.

MY TRADE PLAN
Buying into the wave 5. Stops will go below the low of the recent small consolidation and m TP will be set just short of the .886 level.

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Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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My target 1.36 then sell to 1.26 and buy adain to 1.55-156
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