Doublebullchuck
Short

USD/CAD DOUBLE THREE FORMATION

FX:USDCAD   U.S. Dollar/Canadian Dollar
73 0 1
My 2 cents: FED news will bring volatility but the next wave to X will be starting during or after news is released. Market expected 4 hikes since December and has received none. I think this hike if it occurs is priced in already. Sell the news. Doubtful that oil             will tank again before election, likely $40 to $50 range. After election oil             rises USDCAD             falls completing wave 4 first Qtr. of 2017.
Early shorters need to obviously expect volatile moves. Stops should be closely monitored. My plan is SHORT to "A" of "X" 1/2 position before FED announcement and then 1/2 after announcement. Look for 5 wave impulse to form "A" and take profit. If "A" is 3 waves then hold to X. Will Buy the end of "C" "X", at 50% and 61.8% re-trace area taking profit after (Y) formation can be determined.
Comment: Trade is active
Comment: Not convinced that top is in. However if you shorted a trailing stop to lock in profits is a wise idea (anytime). OPEC news is just noise. Price would be much lower if it were taken seriously I.M.O. Upside clue will be a bull flag.
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