Bandarsq
Long

Bullish Uptrend is Taking Place

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             targets 1.36 to form wave (c).
Comment: The pair is determined to test the downtrend.
Comment: Breakout!
Comment: A more solid breakout.
Comment: The pair is still within the channel.
i dont believe that ..these abc are a bit risky
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I would look into lower TF to and follow the trend.
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stream Bandarsq
the rejective level is only one on all charts ..i mean the chart doesnt matter ,,
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no one is sure. It's an just an idea.
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SL please
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Bandarsq PRO hassan.saeed881994
Breaking the dip of wave (v) will violate the pattern.
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sl is 1.24400??
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Bandarsq PRO hassan.saeed881994
It all depends on how much you are willing to risk. For more confirmed entry I suggest you wait for downtrend breakout.
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ok thank you can i wait for breakout of trendline??
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Bandarsq PRO Yahia.Awes
Thanks for sharing.
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Could be a triangle as well; (c) would than between 1.295 and 1.31 and (d) and (e) would follow. In any case, if (c) should develop as sketched out above, it would have to have an impulse structure consisting of 5 waves. If it is a mere 3 wave move, it'll be a triangle.
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Bandarsq PRO Parabolica
The downtrend will determine it. The triangle would be too big imo.
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Parabolica Bandarsq
I might be proven correct...
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Did you consider this scenario?
snapshot
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Yes Exactly but b in your chart is not done yet.
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lawlee9 Bandarsq
There was a 2 wave pattern from a to b, and then a break down. Wouldn't tha constitute a finalized b?
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abc waves should be equivalent to 12345 in terms of size of retracement. I suggest you use Fib levels.
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