Massive Profit on USD/CAD with NFP. Perfect AB-CD Pattern Breakout! 20151106(1 min read)

Trade explained.

Today I already had a nice 3 winning trades on the USD/JPY pair as you can read here. But wait there is more! I also captured profit on the USD/CAD pair today. This pair was in the morning nicely setup for an AB-CD pattern completion. It broke out of the previous range and was hovering above the Dynamic Support EMA’s. I took the entry before NFP and awaited the news release with a very small stop below the consolidation range. We were gifted today with a very Bullish USD on the NFP release. The number came out much better then expected. This helps the target of the FED to be able to raise the US interest rates in the end of the year, probably December.

AB-CD pattern explanation.

The AB-CD pattern means that the price leg of first leg AB has the same length projected of the CD leg as a target. Look at the green bar runs, then price consolidated and then we had another green bar run up, about the same movement height of the first move.

Questions about Trading and your Mindset?

Do you have questions about my trading? Come join my free webinars I give weekly. They are announced on my TradeReact facebook page so don’t forget to follow my updates there.

Good trading. Always manage your risk exposure, by limiting your trading size and leverage, according to your account size.

Open your account Now!
Because you can Trade like this too!

Don’t wait any longer and open your account on the Dukascopy banner here.
Start studying, start earning and growing your capital.