The New State of Usdcad - forex robot trader reviews ea

The New State of Usdcad ~ forex robot trader reviews ea

I have maintained a very bullish bias of Usdcad and price has not given me any reason to think otherwise. 

The last forecast I posted on this pair on 14th November about a double zigzag complex correction gave me some nice 140pips, though I aimed more.

 Price closed the second part of that trade at 80pips. Not bad for a corrective trade.

This market is amassing momemtum to fly high.

Going by the long term, weekly chart, price is in wave 5 of an impulsive move which has the ability to soar to 1.1850 (100% of wave 1- equality ratio) or 1.2700 ( 1.618% of wave 1).

Going by the 4 hour chart, the recent downside correction could be the wave 2 of the expected impulsive wave 5 to complete the last motive wave before we look for a bearish move properly.

The intraday chart figured a flag pattern consolidation, which if broken upside should support the bullish bias.

If flag is broken upside, I will see you in 1.1850.

I will update you as price reveal its movement.

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Forex Trading Perspective Trends Finding New Opportunities - platinum forex trading group review

Forex Trading Perspective Trends Finding New Opportunities ~ platinum forex trading group review

Forex Trading: Perspective, Trends & Finding New Opportunities
Jim Martens shares key insights into trading currencies with the Wave Principle

By Elliott Wave International

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This article was syndicated by Elliott Wave International and was originally published under the headline Forex Trading: Perspective, Trends & Finding New Opportunities. EWI is the worlds largest market forecasting firm. Its staff of full-time analysts led by Chartered Market Technician Robert Prechter provides 24-hour-a-day market analysis to institutional and private investors around the world.

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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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