FX:USDCAD   U.S. Dollar/Canadian Dollar
337 17 12
Hello, looking to buy the D leg. The move has already started and so looking to enter on a smaller time frame
snapshot
planning to buy when the hourly is oversold will possibly have a continuation pattern as well for the entry
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Agreed, well spotted
+1 Reply
amazing job mate
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AkashGaur Wave-Trader
Thanks a lot bro. Just couldnt find the entry on the smaller timeframe so missed the move since i didnt buy it from the bottom.
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I think there was a triangle breakout which confirmed the uptrend which need to spot.
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Wave-Trader TOP Wave-Trader
did you see triangle there mate.
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Wave-Trader TOP Wave-Trader
i mean did you see triangle and 1st impulse on bottom on lower time frame.
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AkashGaur Wave-Trader
snapshot

This is what i was looking at when i posted the trade i wasnt sure what kind of a structure it was making
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AkashGaur AkashGaur
untill it broke out.
+1 Reply
I think you missed the triangle mate.
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Wave-Trader TOP Wave-Trader
Here how i see this mate.
snapshot
+1 Reply
Wave-Trader TOP Wave-Trader
It was making 1st impulse then correction back in flag and breakout on 1 hrs
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AkashGaur Wave-Trader
i completely missed it. Well actually my Economics professor made me miss it :/
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Was he/she asking you that USD gonna get dump against CAD
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AkashGaur Wave-Trader
No she was saying that no one knows where the market goes and i said " WaveTrader does" LOL
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AkashGaur AkashGaur
i actually did't notice the triangle at all. I made the same mistake, was only looking at the smaller structure and not the bigger structure yet again. I was waiting for a breakout from the smaller structure .
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I think this chart will help you to understand the price action on our reversal point mate.
snapshot
+1 Reply
AkashGaur Wave-Trader
this was something very similar to what happened today on gbpjpy. but i was waiting for it to get completely overbought in that situation.This is what held me back since 4 hour still had room to go down and i didnt enter since i only wanted to pull the triger when it was completely oversold.
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