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WaveTalks
Sep 13, 2016 12:35 PM

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

U.S. Dollar/Canadian DollarFXCM

Description

S-L (Short First - Long Later)
Vow- Isn't that amazing when something moves as per the direction shown-

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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

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18:35 Hrs- IST-13th Sep2016
Current Price- 1.3145

Bang On -It bounces back from immediate low@1.3136

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19:10 Hrs- IST-13th Sep2016 - Book All Profits If Goes Below 1.3115-1.3117 zone

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19:22 Hrs-IST-13th Sep2016- Boom - It holds 1.3115-1.3117 zone - Current Price- 1.3147

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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
Comments
viran108
I think its going to hit 1.3200.
WaveTalks
Limited upside is left -if left
santoroma
dont come down....
WaveTalks
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.
santoroma
thanks very much
WaveTalks
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.
santoroma
its possible short now
usdcad?
WaveTalks
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.
santoroma
what are your resistence level?
WaveTalks
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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