AbhishekHSinghCMT

USDCAD- 180 Pips-Back to Back -Bang on target (S-L)

FX:USDCAD   U.S. Dollar/Canadian Dollar
754 30 12
S-L (Short First - Long Later)
Vow- Isn't that amazing when something moves as per the direction shown-

USDCAD- 3rd Wave Done at 1.3122-Shall retrace till 1.3025
Trade active: 18:25 Hrs-IST-13th Sep2016-
Current Price -1.3143
Likely we should see a push again if 1.3120 holds on the downside in current situation
Trade active: 18:35 Hrs- IST-13th Sep2016
Current Price- 1.3145

Bang On -It bounces back from immediate low@1.3136
Trade active: 19:10 Hrs- IST-13th Sep2016 - Book All Profits If Goes Below 1.3115-1.3117 zone
Trade active: 19:22 Hrs-IST-13th Sep2016- Boom - It holds 1.3115-1.3117 zone - Current Price- 1.3147
Trade active: 19:24 Hrs- IST-13th Sep2016-
Current Rate -1.3150
Guys, we are close to a top -1.3165-1.3170 zone where this whole rally will likely come to halt & start turning upside down for targets 1.3025-1.3030 which was yesterday's low@1.3029 zone
Trade active: 01:25 Hrs- IST-14th Sep2016

Current Rate -1.3165 - Current High@1.31901

If it starts moving below 1.3150 -likely next support comes in the zone 1.3080-1.3085 -A mini bottom & going below & sustaining below 1.3080 - it shall look for 1.3025-1.3030 zone as support. Good Night, Regards
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
Nice analysis
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Thanks
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Any idea about next target?
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Likely looking it crosses 1.3200 but yes, there will be hurdles in the zone 1.3160-1.3165 first
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Thanks :)
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Welcome
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hi
sorry a bit confused u going long or short?
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I am long in 5th wave -its running still from yesterday bottom@1.3029
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viran108 AbhishekHSinghCMT
thanks
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4H is long.
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Yes
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viran108 AbhishekHSinghCMT
price MIGHT retrace to 1.3093 before making a up move.
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19:05 Hrs- IST-13th Sep2016 No- Likely it should move up if 1.3115 is intact from current traded price -1.3137
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Looks like price is struggling to cross 1.3160
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its possible short now
usdcad?
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Looks like It will or has started downside sooner -as momentum indicators have been slowing down, but I will likely wait & watch. As I have never tried catching tops as it is a dangerous game.
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santoroma AbhishekHSinghCMT
what are your resistence level?
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The zone as mentioned above 1.3165-1.3175 as resistance zone mentioned above in update section@19:24 Hrs -IST-13th Sep2016
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santoroma AbhishekHSinghCMT
why you think turn down to 1,3025?
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Because 5 waves done for me which started at lows@1.2822
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santoroma AbhishekHSinghCMT
ok thanks very much
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Welcome
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santoroma AbhishekHSinghCMT
"Looks like It will or has started downside sooner" dotn seem to me
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Time is the biggest market trader - Let us wait for time to tell us the story.
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I think its going to hit 1.3200.
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Limited upside is left -if left
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santoroma AbhishekHSinghCMT
dont come down....
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Be careful- it will come down as this up move is not happening with that force- it is just dragging time -this down move will get confirmed if UCAD starts moving below 1.3150 & stays below that level.
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santoroma AbhishekHSinghCMT
thanks very much
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But Make Sure, when it starts falling below 1.3150 -it should take a dive similar to how professional swimmers jump in a swimming pool from higher levels.
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