For context and how we doubled our account by not risking more than 2 percent see link below:
I expect to see at least 1 leg higher by means of a wave 5 in orange to target our long term target at 1.34.
Watch for the consolidation to complete before buying USDCAD. I prefer to see a more significant retrace than what we see so far after the bullish move on Friday.
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Watch for the consolidation to complete before buying USDCAD. I prefer to see a more significant retrace than what we see so far after the bullish move on Friday.
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Comment:
This is what I like to see guy's, the more significant correction is in progress. Let's see whether it turns into a nice bullish flag. Then buy the continuation.
Comment:
example of possible consolidation and what to look for:
Comment:
It turns out we saw a Flat correction for the USDCAD (if we don't invalidate the buy set-up).
I personally didn't trade this pair but the entry was valid. Nevertheless wait for the next confirmation and you will more than make up for it.
Safe trades!
Safe trades!
Comment:
Buy set-up invalidated, no trigger and we will reevaluate.
