anilmangal
Long

USDCAD on the breaking point

FX:USDCAD   U.S. Dollar/Canadian Dollar
11106 90 254
The USDCAD             is at the breaking point , either to the up side for one more impulse or the down side which would mean a weekly down trend.
I will post followup on this chart as it develops.

Trade with care.
Comment: http://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Comment: no break out as yet
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
Facebook: https://www.facebook.com/ProwaveTrader
Training : add to skype mangal457
Thanks You are always awesome Analyse
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anilmangal PRO TheCapitalLand
Thank you.
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Good call! And as usual, the analysis is very clear.
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:) THANKS
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thanks!
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anilmangal PRO Jeffrey_Sucipto
You are welcome
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Thank you.
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anilmangal PRO KlejdiCuni
Thank.
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Eye balls on it :)
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ok Adriese i am depending on you to ping me .
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Thank you!
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thanks
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Thanks good called!
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let's see how it goes .
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Dear Anil, great respect for your skills and that you don't mind to share it with us.
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Thank you .
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we can't miss this Anil :)
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hope we all get it .
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Keeping an eye on it Anil. Thanks!
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Ok so now I am sure we will get it .
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You're so right Anil.
All the higher time frames are telling the same story.
I have this pair on my "Checklist" I feel this will be a long up trend......Nice Yep.
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Nice .
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Arivarasan anilmangal
target point
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Tahnks
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Thanks Anil
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Hi Anil, great chart. Where does that long-term trendline start?
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nice setup!, I think it go uptrend for long term
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wonderful analysis sir you are great god bless you :)
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Hello! Newbie here! :) What does the red line at 1.3251 represent? Thank you!
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quinnstevenso quinnstevenso
is it the support zone?
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FXSpringbok PRO quinnstevenso
It may be where the price was at the time you posted the question? You will see that it has now moved...
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great set up
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nice Anil I really believe the fake down move will come and it will skyrocket up. From then we can short again
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oil is also pretty high so nice setup
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I have not entered this trade yet Anil, It still has some down movement left.
Will look at it again Monday or Tuesday.
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Brilliant work Anil!! Thanks for sharing your hard work! May it be returned to you a thousand fold!!
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I think that the weekly TL is already broken, and was already retested! I'm short atm:
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looks interesting setup, let see what next week brings up
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I really like this setup! I doubt we dip below bottom line with oil forecast to drop more.. I am in this trade and I have a 1.35 target personally. Thank you for sharing
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YMMgroup ADingle
how going your trade ?
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Looks to be breaking now.
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Thanks a lot Anil, was joining this one with double leverage from 1,3218. Your ideas is just fantastic!
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how going your order ?
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UsdCad long , target 1.3470
thanks for ur input,
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Oil reaching a top with the recent daily uptrend trendline break should make for a stronger CAD.
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much important info on which pair moves together
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Anil, we not touch 1.30, what you think ?
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dear master, what you think now we go to 1.29 or not ?
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Wow just seen this trade setup and thought that I should do a quick wave-count and see where we are on the charts on "loonie". We dont see any buys here yet on this pair. The third wave is not yet over. It may also be an extended wave stopping out all buys. Ok the best way to do this would be taking sells on the lower Time-frames. The biggest trade would be selling the wave 5 at the end of wave 4 correction. Thank you traders...
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EWChartist EWChartist
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anilmangal PRO EWChartist
Thanks for sharing anyway , but I don't see this down move as a motive wave.
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EWChartist anilmangal
You are absolutely right. This move down is not a motive wave it sure is a higher degree correction of that previous impulsive move. But we need to break it down further on the lower degree and the move that we are in now is still developing to the south infact in the third wave that is why we see price moving with such velocity...
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Vostiothenjo EWChartist
Hi Anil bro seems like we are still heading south on this right...? Seems like the counts weren't bad either...
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EWChartist Vostiothenjo
Still heading south. The 5th wave will extend as predicted...
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anilmangal PRO EWChartist
You should take my course, only I promise to teach you for free. You see my time has value :)
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anilmangal PRO Vostiothenjo
That wave count is in correct , I can break it up for you but I have no time for armatures, I will just point out one BIG mistake that breaks a rule , the Wave 3 in your wave one is the SHORTEST WAVE! please stop it.
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EWChartist anilmangal
Can see you have started learning some real EW. Guess you didnt notice that the Sub Wave 3 and Sub Wave 5 were equal meaning the Sub wave 1 was an extended wave and according to the THEORY one of the three MOTIVE WAVES will be extended and if so then the other two would be equal. Guess you havent done your ratios right huh...? Maybe I should take your course... Huh...
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anilmangal PRO EWChartist
LOL, your wave (iii) in the wave 1 is the shortest wave , measure it? you are making a fool out of yourself. Knock it off.
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EWChartist anilmangal
You choose to be ignorant and still insist...
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EWChartist EWChartist
At least you are making some progress
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anilmangal PRO EWChartist
you know traders can measure it ? stop been a fool !
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EWChartist anilmangal
Ur crazy
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anilmangal PRO EWChartist
I hope now you know that you know NOT!
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anilmangal PRO EWChartist
just for you ! please after this take a break!!
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anilmangal PRO anilmangal
ROFL!!
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EWChartist anilmangal
I can now see ur ignorance. You fixing it to win right????? You would rather defend your ignorance to show that others are wrong and you are right...
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anilmangal PRO EWChartist
LOL you are still here, even after i counted it for you? Please go before all your subscribers see this !! you they will be running from you like .....
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anilmangal PRO anilmangal
should I post it on your site?
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EWChartist anilmangal
Wow is that what you are defending??? Subscribers??? I see I wont spoil your business probably I am already. So this is why you mess up EW to get subscribers...? I would teach anyone including you practical application of wave Theory.... At least if people are paying you let them valuable practical info...
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anilmangal PRO EWChartist
seriously? you know every trader who sees this will go on his chart can count the pips?
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EWChartist anilmangal
Your argument cant hold any water... after people take ure course they will still need to understand ratio after paying for ur course.
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EWChartist EWChartist
Ok I encourade everyone to take your course if thats all what you r fighting for. I too will join your course we have decided to
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anilmangal PRO EWChartist
:)
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EWChartist anilmangal
At least if we are fighting I wouldn't want guys to loose trust in you. Lolest
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anilmangal PRO EWChartist
We are not fighting, you are trolling and I am educating you.
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EWChartist anilmangal
You are educating me on stuff you dont know... ????? Lol funny dude
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EWChartist EWChartist
The reason why we bumped into each other is when I saw this Pro Wave trader saying buy on USD/CAD then he was a MASTER of wave theory I came in and did some corrections. If you werent the MASTER Pro wave trader wouldnt be interested
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EWChartist EWChartist
I then gave my reasons why it would be risky to buy "Loonie" coz according to where we are at it would be a bad trade even on the lower TF
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EWChartist EWChartist
That Break and consolidation stuff if you dont have the counts well you may be caught in btwn waves
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EWChartist EWChartist
So I can see how much you are educating me...
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Vostiothenjo EWChartist
Lol
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anilmangal PRO EWChartist
lol you just saw it?
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anilmangal PRO EWChartist
since you just saw this one, please take a look at this one too.
USDCAD which way now?
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EWChartist anilmangal
Ok on the bigger picture here is how it is all playing out. Hope no rules have been violated if so then we stand to be corrected. This move down could be wave 4. The charts will explain better. Here we go...
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EWChartist EWChartist
We can see sub-wave (i) of wave 3 is an extended wave and thus we have sub-wave (iii) and (v) being equal
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EWChartist EWChartist
Wave 4 will be a complex wave and we may see lots of whipsaws coz of its complexity but the furthest it can correct is at the end of Major
wave 1
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