FX:USDCAD   U.S. Dollar/Canadian Dollar
15070 63 294
Hi Guys, keep an eye on this one , it is also at the top of a daily consolidation as I showed last friday.

Trade with care
Thank you for your support.
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speechless, thank you.
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how do u see it now anilmagal ? right now is exactly under the higher channel line
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What does everyone think, is the downtrend still going to continue? Or was that move just now a completion of the wave down to the bottom of the daily channel? Didnt quite reach the bottom did it. Fast too!
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Niverto nxtleveltrader
First I trade what we see not what I think. Then with experience we see some moves being repeated again and again, so in this case I have one level where I see the Market is likely to be attracted (green box), it is where I am predicting the market to be attracted. I need a case for entry so I have two think that raised my attention: (1) The lower high forming the downtrend (2)the break of the structure right aside the target 1. The market attempt to get back to the previous high (entry box) before losing its strenght and being attracted to my final target (green box) as predicted.
I hope it clarifies
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Another opportunity to jump on on this short:
USDCAD Short
+2 Reply
Quite a big pull back (assuming because of the fundamental news release). Curious to know the affects. Do we expect it still to head down to the bottom structure line?
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Kumail Kumail
Can anyone (Anil?) suggest any updates for this now?
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I don't think news can change the structure, not in a long term.. if you use stop loss outside the structure and 1H / 4H / Day charts (even higher), the probability is very low of a false stop loss
(sorry bad english)
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Kumail lincolnborgesrp
After seeing this happen a few times, I can see this now. And Anil said the same thing.

I guess I wonder though, about not changing the structure. But some people talk about a pattern changing or the structure lines change, based on some new movements.

I mean, if it was guaranteed that after the lower breakout if it were to get to the structure line, then it would be too easy (and we would all make lots of profit).
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