TRDVMA

TRDVMA

I usually do not trade short term, but this one I didn't want to miss. (My purpose is not to boast here but to share the reasons for the trade in order to give some humble advice for novice traders. I have made a couple of thousand dollars in a matter of an hour in this lucky trade. I would like to share the reasons why I have entered this position and the...

TRDVMA Updated 

My prediction of 37$ failed slightly short at 36$. Currently the price is at a support level (violet line) and I don't see any bullish sentiment here (yet). I don't know if it will make another attempt from here to 37$ levels. However having said that, USDCAD pair is so weak that if keeps on falling even with falling Oil. If Oil turns bullish the fall of USD...

TRDVMA Updated 

Short term traders may take a LONG position up to the level indicated above, to the violet resistance line. Bear in mind that long term trend is definitely bearish and taking bull positions in a bear market is a risky business. Nevertheless, the price may (or may not) go up to this level. I personally will not trade this position. Good Trades

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I am still bearish on this pair. Of course all depends on Oil, but the wave structure has not completed IMO. Target 2 is still valid but slightly shifted as 1.34 range. Good Trades

TRDVMA

Judging from a highly irregular correction we are in, it seems to me a correctional wave such as ABC. Currently it has touched the 0.618 fibonacci retrace and could very well be on its way down as the third wave. I am still bearish on this pair. It requires a strong thrust down to make this view (possibility) valid.

TRDVMA

High similarities

TRDVMA

BreakOut could signal beginning of 3rd of 3rd. HIGHLY BEAR

TRDVMA Updated 

As predicted quite a while ago. There was no sign for strength to go Long. Next possible target is 1.335

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Enter LONG!

TRDVMA Updated 

I am still waiting for the last minuet 5th wave (down) to complete to enter LONG. Still a bit more time IMO. Good Trades.

TRDVMA Updated 

good luck

TRDVMA

Good luck. This could be the 3rd wave.

TRDVMA Updated 

Wait until the red resistance line (on chart) is broken. This will be a good sign for LONG. Good trades

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IMHO, I think we have fair chances for a 2nd testing of the resistance, which will mark completion of the 5th minuet (in yellow on chart). Good Trades.

TRDVMA Updated 

Targets applicable. Target 2 more likely now for Bulls to begin.

TRDVMA Updated 

If price hits this level (as shown), you may ride 3rd of 3rd, which is one of the most profitable conditions. Good trades. However if 2040 levels are reached, do not stay LONG there. We are in a major down trend and I expect a significant (and fast) down trend from this point on. Here we are trading against the major trend and choose your stops considering this...

TRDVMA Updated 

Entry Point as shown with final Target

TRDVMA

As on chart