Riskmangement
EURUSD - Nice opportunity if dollar weakness continues!We can count 5 waves up, which is an indication of reversal in trend.
The upside potential might be limited though if dollar goes higher, respecting the bullish triangle count (look below and at previous posts).
But in any case, after a pullback we should see one more push higher that we can take advantage of.
Depending on price action we will need to manage the trade accordingly.
Dollar Index - NFP will decide it's fate We have 2 possibilities here, and we need to wait for the NFP report coming in 2hours to see if bulls or bears win.
! DO NOT OPEN ANY TRADE BEFORE THE EVENT !
First this ABC count which is coming to an end,
would go well with the others setups we have going.
Alternate count below suggests we will see some higher prices before falling off the cliff.
EURCAD - Going long after big falling wedge - Good R/R!Looks like we got a Diagonal for wave ((v)). We should now see a 3 wave correction higher before continuing to the downside.
Invalidation is at last low 1.4875.
Target to be determined.
