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USD/CAD

here it is this
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I think the pair will be stuck in the sideways consolidation that started yesterday between 1.3240 and 1.3190 until the Federal Funds rate announcement tomorrow.
USDCAD in UP trend I think...
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Quoting ServerUang
USDCAD in UP trend I think... {image}
Your chart does not support a bullish trend; the daily bear candle and the fact that the price is testing a weekly S/R zone and the daily pivot. Trade safe.

KP
Do your homework, follow the footprints of smart money
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will 41.82 halt the fall? or drop further toward 38. region?
Quoting mamalujo
{image} will 41.82 halt the fall? or drop further toward 38. region?
So far there is no signal for a reversal to the upside, even if it has stalled at 41.92, so USD/CAD will likely continue climbing.
target 1.34000. However I like to see minor correction before rally
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Predominantly northward disposition on the HTFs.

KP
Do your homework, follow the footprints of smart money
where will you gooo.........
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waiting for 1.3073
USD/CAD formed a doji candlestick above the support at 1.3120 on the four-hour time frame and I opened a long position with target 1.3180.
Doji
tested support.


Wait for 4 hour to complete bullish engulfing to enter long.
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I'm pretty much in agreement with this. I'd like to see price get down around 1.3050 to enter long. 1.34 could be in the cards soon. Just my humble opinion.
1 Year Profit-Ability 7-1-2016 All Time Return: 1.2%
my view on this is a long term uptrend. Keep an eye on the Fibo level. It tells stories.
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Quoting adezeno
my view on this is a long term uptrend. Keep an eye on the Fibo level. It tells stories. {image}
like your idea.
I do have a tp for 500+ pips, Im in since 1.30000
CAD data is not good
USD/CAD seems to be in freefall right now. The nearest target is 1.3020 and I think it will likely reach it especially if it breaks below 1.3050.
It's dollar weakness, even though there was bad CAD data. It is weird that CAD even rises again non dollar crosses but that's just what it is
TE started 6/4/19
Price Signal Consulting All Time Pips: 763
Wow, $ got absolutely hammered today. With that said, my plan has been to start buying in this area in small increments and build if price continues higher. That whole idea is kaput, however, if 1.30 breaks.
Quoting Bushi-pips
Wow, $ got absolutely hammered today. With that said, my plan has been to start buying in this area in small increments and build if price continues higher. That whole idea is kaput, however, if 1.30 breaks.
You have to fight against two forces. Dollar strength/weakness and Oil strength/weakness.
TE started 6/4/19
Price Signal Consulting All Time Pips: 763
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