FX:USDCAD   U.S. Dollar / Canadian Dollar
9507 43 300
Hi Guys the USDCAD             is in a daily corrective structure. It is in the C wave which looks like an ending diagonal . If this is so then this short term sell could be a much bigger trade, so if you know how to trade these setup go for it.

Trade with care.
Thank you for your support.
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can we short this now? i think the correctional wave is about to come down in daily time chart.. what do you think mr. Anil?
Great trade in correction now? ... and then another chance to short? Thanks for updates
Thank you for this one. Made mad pips on this trade yesterday
youre the best!
Nailed it!
How does this analysis fit in with the OPEC announcement. I mean, how does wave trading work along with Fundamental. For this pair, clearly the news dropped the price, which fit in nicely with the analysis. But I am assuming the Fundamental news would change/break the structure, and hence we would have to watch out for it?

Or are we saying that since because of the news, the price dropped, and as soon as it broke below your structure line there (approx 1.32146?), then it followed and broke further as per your analysis?

Thanks, I'm still new to all this, and just trying to pick stuff up. Love your analysis thus far!
epsion22 Kumail
watch his vids on youtube, you will learn a lot. short answer is to trade the structure of the chart. pretend you never heard what happen with opec
Kumail epsion22
Thanks, yep! I have started watching them :)
lets say I agree with you .. then why the drop happened exactly after 1H candle closed down the correction trend ?
then why the price bounced of the trend and didint continue to go down .
another question : if the news moves the market when there is no news .. why the market is moving ?

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