EverythingForex

Quick Update: USDCAD Low-risk Trade Idea

FX:USDCAD   U.S. Dollar/Canadian Dollar
1371 1 32
After banking over +231 pips on a LONG trade we took on this pair, we are now looking at selling into a retrace with very low risk. What we see is a 5-wave             move up from what could've been the wave (b) completion. By that count, this move up is part of the larger wave (c) up. This 5-wave             move could be the wave a of (c) OR it could be the wave 1 of a MUCH larger move higher. We do have a longer term BULLISH outlook on this pair that calls for much higher prices to come. You can see that on my website. PM for access. Or see below.

But for now, a retrace could be in the works. In any case, right or wrong, the risk is low. We will be updating this constantly on our Skype group. See below for access
Comment: It went just a bit higher than I have it but the trade idea remains the same. It has now broken the uptrend TL and that is a STRONG indication that the trend is done and a reversal has begun. I'm already in SHORT on this trade. But keep in mind that the previous trend was impulsive. that means that this reversal is a correction of that uptrend.

snapshot
MTD REAL Documented Results: over +1000 pips PROFITS!
Want more profitable forecasts like this? We have several more markets where we are predicting HUGE moves to come! Subscribe and get them! Go here. Get 50% off NOW!: http://bit.ly/2nJ0MoP
yes great analysis... great. but: usdcad arre going up? ah not down........ great analysis
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out