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Wave-Trader
Jul 17, 2017 8:58 AM

USDCAD watch for strong breakout  Short

U.S. Dollar/Canadian DollarFXCM

Description

Hi fellows, TCP is developing on 1HR time frame watch for completion first and then look for strong breakout. Selling before the pattern completion gonna be risky so once pattern complete itself then watch for strong breakout.Use reasonable stop loss as you know we are looking for short term sell at the bottom where the price can bounce back at any time so careful, Good Luck fellows

Comment

Pattern is developing it needs some time so be patient.

Comment

Watch bottom for reversal

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Comments
HustleSeason
It's not gonna drop that much I think, because of divergence coming in.
ferran7
@KristupasDaunys, saw the same
MehrHasnain
how can we identify that the pattern has completed now?
Wave-Trader
@MehrHasnain, you can use oscillators or moving averages
MehrHasnain
@Wave-Trader, thankyou
SJWTradingNI
Excellent wok as always WT!
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