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I am kinda interested in buying USDCAD .. I'll wait an open above 1.1628 and would buy it stops at 1.1615-13 region and targets 1.1755-1.1800..
This is the condition where the market is falling .. and the term which is famous about it is " CATCHING THE FALLING KNIFE " ... I mean i would have stop like what 15-18 pips for 100 pips target so i would consider it as r/r....
and in case of stop hit .. will get these pips next time.!..
an update: This probably my last trade here and possibly last post on elliotwaves and trendlines thread ..
farewell to everyone and hope lots of pips
wavesign@gmail.com
regards
EACAN.