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

Sep 5, 2016

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

Sep 5, 2016

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.

Sep 5, 2016

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.