TradingEW
Long

USDCAD counter-trend trade

FX:USDCAD   U.S. Dollar / Canadian Dollar
75 3 4
The 3-3-5 corrective wave structure forms the (b) waves of correction (2) and it will eventually be retraced either fully or partially by the next impulse (c).
Thus setup for the impulse (c) wave up, with minor position size for such counter-trend trade, SL at invalidation @ limit of expanded flat.Target 0.6182 x (1).
Watch out bulls - the correction wave (2) since 28th October is coming to a close towards 0.6182 retracement and this pair will resume down trend on (3).
snapshot
Reply
Going long on impulse wave (c) up, with small position size for such counter-trend trade, SL at wave (b) limit.
snapshot
Reply
Price update - a tricky complex minor wave iv, often cause problem as a 'bull trap'.

snapshot
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out