ABCDE TRIANGLE IN USDCAD - DAILY CHART
Updated
Hi people,
I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D-
If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend.
Now we have broken that channel up and it's broken the trend from -C- to -D-
I expect the market to make a flag and then I will buy the brakeout to get a nice short term buy.
However, my trade is the sell from -E- And that move can triple my account!!
Carlos
I put this idea on the table. I have analyzed this pair for a month already and as you see I drew a channel on the way to -D-
If market broke the structure I would have had then a simple ABC correction and I would sell the next flag to get profits downtrend.
Now we have broken that channel up and it's broken the trend from -C- to -D-
I expect the market to make a flag and then I will buy the brakeout to get a nice short term buy.
However, my trade is the sell from -E- And that move can triple my account!!
Carlos
Note
Didn't make the flag, but if you look into 1H chart you can trade the breakout of the downtrend move that just happened the last.I would wait for reversal in E and go short for hundreds and hundreds of pips
Order cancelled
We cancelled the buy order and we are now planing a sell for a long term trade!
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