USDCAD- Bang On Target -100 pips from 1.3117 to 1.3215

FX:USDCAD   U.S. Dollar / Canadian Dollar
197 0 9
d-wave kisses the top of resistance line in triangle@1.3215 -shall be looking for e-wave & then push higher

Previous Update

Trade active: 23:15 Hrs 4th Oct2015

If the resistance line holds, then we shall look for e-wave or push higher after e-wave completes or going beyond resistance line- either ways we will carry the bullish view ahead.
Trade active: 17:03 Hrs 5th Oct2016

In b-red wave triangle - UCAD completed internal d-leg@1. 3215 -likely upper trendline should hold the current rally- if this holds, then we will see an e - wave which travels 61.8% at 1.3076 or likely it gets the support of a-c trendline or maximum till c-wave low@ 1.3048-which is key level- if triangle scenario is correct
Post Traingle Scenario -we will have thrust upside- That is the wave which I am eager to see.

Comment: 21:08 Hrs 5th Oct2016


Can help with the spikes - weaker guys always lose their stop or stronger guys eat stops of weaker guys.
Earlier of UC was 1.3219 - it pushed up slightly up making a new high@1.3232 -to take weaker stops- prices getting rejected on higher side -itself was indicative that it does not want to travel more on upside- shall fall & it started.

Comment: 21:09 Hrs 5th Oct2016

Typo Error - "Can't Help with Spikes"
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
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