USDCAD- (Alternate Count) -Close All Shorts-Possible U-turn

As per previous post I had an opinion that it could be serious trouble below 1.2965- well UCAD started falling below that level & even made recent low@1.2906.

At present trading At 1.2936

There is a triangle forming in B-(Blue Wave) - Result- We shall expect a thrust in the form of C-Wave

Trading Strategy- Entry Long At current levels, but with strict stop loss below 1.2900

Trade active

19:15 Hrs-IST-5th Sep2016- Guys be careful likely there is a rising trendline within the triangle shown which is connecting c-e wave of triangle- It will be safe only to take shorts if you get hourly close else just do check at your end.

Trade active

19:30 Hrs- IST-5th Sep2016- Hourly close below rising trendline within the triangle which is connecting "c-e"proposed wave as shown above in the update.

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
(Deleted)

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

WaveTalks

Best Regards,
Abhishek H. Singh
Growth Director - TradingView India

YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw

Twitter Handle
twitter.com/TalksWave

Telegram Handle
(Deleted)

Also on: