FX:USDCAD   U.S. Dollar / Canadian Dollar
2011 11 80
Bearish wave looks like corrective and may bounce back to the top i am expecting buy setup. I am waiting for bullish signal on lower time frame if it appears i will update that.
Comment: Bounce back is confirming that price is holding reversal point. Breakdown will invalidate idea. Guys you can see further details on the updated idea here is the update.

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Would you get in now? thanks
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Thanks for a nice idea, looking for countinuation pattern for the next impulse. Just being curious, what is your view on DXY, is it gonna go up for one more? it agrees with this setup
+1 Reply
Wave-Trader PRO vuphan.forex
Yes DXY will rise mate
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vuphan.forex PRO Wave-Trader
I really love your idea and the way you draw trend lines. You do training ?
+1 Reply
Wave-Trader PRO vuphan.forex
Thanks mate ya PM me for further details mate
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I am in for long TP 1.325
+1 Reply
Good Luck
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Is there a probability to break below trend line.?
+1 Reply
It is possible but does not look like that because the wave looks like corrective it is not impulsive. Watch for the trend line breakout.
+1 Reply
elbistan Wave-Trader
Thankyou.
+1 Reply
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