USDCAD: Liquidity zone?

Hey Traders, keep an eye on USDCAD , we are looking for this up wave.

For us, the structure needs an up move to target liquidity above previous highs. Downward corrective structure is completed and market is ready to start an up trend.

Even if market wants to continue to the downside, a corrective structure upwards is needed so we will be looking for our buy setups for now.

P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses.

If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.

What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...


DO NOT FORGET OUR 4 GOLDEN RULES:

1) Do not over-risk
2) Do not over-trade
3) Do not trade without stop loss
4) Never ever add to losing position


Trade with care
We Trade Waves Team

Commento:

If you are in, manage your trades.

Commento:

This is moving up nicely, those of you who are in, take partial profits or manage your trades.

Commento:

Keep moving your stops guys

Commento:

It's moving up and up... Take partial profits if you like and more the rest into profits.

Commento:

Hey everyone, those of you who are still in keep moving your stops, another up wave is coming.

If you took profits that is totally fine.

Trade with care.

Trade chiuso: obiettivo raggiunto:

500+ pips, we hope you made profits trading that wave!

We Trade Waves Team