blackpele wrote:
Mr Vahid, you mentioned on your April 22 daily report about a forming perfect trade set up on the USD/CAD pair, on the daily chart. The trade set up is now formed, could you please post an updated video about this formed trade set up?Thanks.
Kind regards,
Ioannis
Ioannis,
as you probably realise, Vahid nowadays points us in the direction of possible trades, but apart from the intraday trades really leaves it up to us to make the final decision.
If you are interested in others" viewpoint, I can tell you that I would not take this trade at the moment.
My reasons?
The candle that broke resistance was just too long. More often than not (personal opinion) sudden, sharp and excessive moves cannot be sustained. In a case such as this, I will wait for a testing of the resistance as support before committing to a trade.
From Vahid's previous videos, you may have noticed that he is very careful about this pair as he believes that there is a lot of market manipulation with it.
I am sure that when a break happens with USD-CAD, he will rush to post a new video if he feels that it is still a good set-up.
I may be wrong, but I feel that if the broken resistance is tested as support, and Vahid feels that this is a trade worth entering, there will be a new video posted ASAP.
Best of luck
Keith