waiting for buy set up buy setup

FX:USDCAD   美元 / 加元
140 8
hell friends waiting ....

1 . symmetrical triangle is forming its acts as a conttinuation pattern pattern most of the time

2.a reversal broadening formation pattern is forming inside the continuation pattern

3. 50% fibo retrenchment level hold

4. 200 moving average hold and become a support

i will buy only on the breakout

* its could break the other way also so better wait a break out before buying thank you

Still long?
atefhussenn elmickster
@elmickster, i am long with small position for now cus the break out was not that strong from here and on we should start seeing it move to the up side if we are right watch the 1.33350 .... its should hold there and .......remember alway to use a good money management my friends simply (1.never use more that 5% of ur account on a single trade 2. when u win big and win u lose lose small)
@elmickster 1 h time frame has a reversal pattern to the down side ...thats why its moving down so always you should have at lest 3 time frames to look at them like daily 4h and 1h
elmickster atefhussenn
@atefhussenn, im going to hold on to this one, If it doesnt go too low I won't margin call. Will be more cautious for the next ones. Hopefully this goes back up or my account is toast xD
always look for a continuation pattern on smaller time frames before you add on so u could always add on dips @elmickster
elmickster atefhussenn
@atefhussenn, Yeah i see that, my longs are getting raped right now :/
hay mate thank you so much for your support cheers and good luck @elmickster
Hey Atef, I have been following you for a bit, nice trades btw. I also went long on usdcad yesterday. Added 3 more positions today. Hopefully we get this trade!

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