nmkvijay

USDCAD-b) or X wave is an ending diagonal pattern ended @ 1.3858

FX:USDCAD   U.S. Dollar / Canadian Dollar
Market Commentary:

First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the trend is bearish or bullish , if i am expecting the correction...book the profit there and wait the correction to end and again go with the trend....DONT TRADE THE COUNTER TRADE SETUP...you will took loss too...try to identify the sort term pull back and the long term pull back after that took small lots in the short term PB with strict stop and go with big lots in the trend side that is long term. I WONT TOOK ALL THE TRADE PLAN SHARED HERE...

Read the market commentary inside the chart what i shared here carefully and try to learn Elliott waves ...otherwise its tough to understand the market commentary and my analysis. I wont give a entry, stop loss and take profit in my chart...it is only for EDUCATIONAL PURPOSE and i am sharing how i am analysing the pair and labelling them according to the Elliott wave theory...I AM JUST SHOWING THE TREND HOW IT MAY GO AND MY VIEW(it may wrong too)..so DON'T FOLLOW BLINDLY MY CHART..take this as a reference and if it correlate to you strategy took the trade as per your strategy...DON'T ASK ABOUT YOUR RUNNING TRADES i wont comment on them and I WONT SUGGEST TO TAKE MY TRADE SETUP.
Trade closed: stop reached

Comments

Do you think its gonna buy side?
Reply
nmkvijay aravindiaar
@aravindiaar, my intuition saying BUY but i dont have a trade plan to buy my view got invalid...so until for a perfect view or for a clear view i need to wait and i am not satisfied as a triangle...lets see
Reply
aravindiaar nmkvijay
@nmkvijay, ok
Reply
My view :-)
Reply
nmkvijay MinnieTrading
@MinnieTrading, thanks...but the intermediate waves are not looking like 3 waves...what u mentioned as "d" that confused me and wht u mentioned as C that too
Reply
nmkvijay MinnieTrading
@MinnieTrading, thanks for your valuable comment and your view cheers
Reply
@nmkvijay, Time will tell :-)
Reply
nmkvijay MinnieTrading
@MinnieTrading, yeah i am waiting for the clear view from my side..thanks mate
Reply
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