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TradeHuntFx
Jun 18, 2016 7:22 PM

USDCAD - Short and then Long (DAILY) Long

U.S. Dollar/Canadian DollarFXCM

Description

Wave patterns have provided us with a complex counter trend of multiple wave runs but I think I now have a trading plan. We saw a nice 61.8 retracement on the most recent (c)-(d) boundary which will fail to form its 5th wave in confluence of the trendline. A hold of this and we can enter the trade long with a good risk to reward. Alternatively, aggressive traders could enter short at the next signal with TP on the ascending trend line.
Comments
TradeHuntFx
if we break below the trendline and then yes bias will switch to the downside. 1.115 is a long way off...
stream
what for is this long .. i am short lol its down to 1.115
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