FX:USDCAD   U.S. Dollar / Canadian Dollar
6377 33 153
The USDCAD             is making a corrective structure , buying the breakout looks like a good idea.
Cad has already moved quite a lot without any higher degree correction so trade this with care.
If is makes one more down move within the correction buying off the trend line might also be a good idea but with higher risk.

Trade with a tested strategy.
Thank you for your support.

Comment: Why is this chart red? it did make the up move?
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Hi Anil, Any wave Idea atm ? long setup?
kind regards
Chart is red because you chose "Long" when you posted it. It was green when it was moving up but now it is going down, so the system recognizing it as an opposite move. It relates to the price at which you post it. You might want to consider choosing "Neutral" when you are expecting Up & Down moves. Hope I am making some sense here..Great analysis by the way!!
+2 Reply
The chart bases it's green/red tendencies off of current market price compared to the price when you published and the direction you declared. It is not intelligent enough to pick up on that you were looking for the breakout of that structure only.
+1 Reply
usdcad where will go???
Hey Anil would you consider the recent down move a sharp impulse leg for further down movement?
is here sell setup now??what with this pair
When will this ever stop? Still biased to the downside, which is blocking my better judgement to go long.
+2 Reply
For as long as people continue to keep looking for the top, it'll continue to creep up.
Also, crude oil is fundamentally driven down, it's very hard to reverse this trend. I had a short, booked for 100 pip profit, but the upside is always smoother.
+1 Reply
Anil, congrats on surpassing 1 million views. That is impressive to say the least.
+1 Reply
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