Usdcad in a Complex correction - forex grid trading ea review

Usdcad in a Complex correction ~ forex grid trading ea review

On tuesday, 11th November, I posted an analysis of this pair and I stated the reason why price is on a bearish correction.

The move form 26th July has successfully completed a 3-wave or 5-wave impulsive move, and we are expecting and end of wave 5 or wave 4 correction. 

In either case, there is a correction and the market is expected to dip to the region of 1.1215 and 1.1140 ( 38.2 and 50 % retracement of wave 3 respectively)

Before the close of yesterday, we saw wave 4 forming a complex correction ( double zig zag) breaking 1.1370 intra day resistance ( check the intraday chart below ) , and immediately pull back to expectedly continue the dip. 

Price has previously moved down in my favour to take 90pips but no profit was taken as price hasnt dipped to any of my targets yet.

I still hold my sell with stop loss reduced from 95 pips to 40 pips. we should see more action next week. Its time to enjoy the weekend 

 I will update you as price advances. 

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FX Prime 1 Minute Scalping System - xfx forex trading system

FX Prime 1 Minute Scalping System ~ xfx forex trading system

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Flag formation to shoot Gold up - forex trading made ez review

Flag formation to shoot Gold up ~ forex trading made ez review

On 11th November, I speculated an upward movement of Gold and on 13th , I posted an update---analysis of the brief intraday correction pattern downside before the movement upward began.

I cashed out 320 pips on half of my position while the rest is opened to ride the bullish move upward.

Presently on the intraday level, there is a formation of a consolidation flag pattern which is expected to break upside after which further upside move will happen.

If the flag formation is broken upside as expected, there is a strong possibility of reaching level C indicated in the chart . 

The level C is a confluence level for 161.8% extension of wave A from B, 31.8-50% retracement of the last impulsive 5-wave bearish trend that I discussed on 11th , and the flag extension.

I will add to my position as soon I discover that the flat is broken upside.
I will keep an update here.

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Usdcad to 1 1500 - global forex trading reviews

Usdcad to 1 1500 ~ global forex trading reviews

In my last post where I wrote  ( read here) about the two scenerios Usdcad was posing. My sell went well with price only 10pips shy of 1.100 ( my final target) . I went out with 150pips .

With price showing some reversal signals, I had to think of riding wave 5. 

With the recent big rally, the second scenerio is fulfilled and I expect wave 5 to take us to 1.1500. I am on this one for a big ride.

Usdcad has shown itself to be a good market this month. I racked more than 500pips and 1000pips on Gold

What a nice way to end the month.

Thank you for following me.

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