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USD/CAD

price now 1.3066

I don't see it going above 1.3100

it will go down at least 150pips

just my opinion
Quoting msniper
price now 1.3066 I don't see it going above 1.3100 it will go down at least 150pips just my opinion
yeah looking that way mate. popped its head above a zone I was keeping an eye on before the @ss fell out of it... hanging like a biatche this morning so head is fecked... just looking for decent place to enter my short now.
clearly rejected the zone.... all ducks lining up. short :-)

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USDCAD started the week on a positive note, yesterday things went South, let's see what the latest CAD data will bring in less than an hour.
I wonder how far this is going to drop. 1.2950, 1.2850?
1.28912
i think it will go back to 1.31. lets see
At the moment the weekly is showing heavy selling pressure after spiking just above last week's highs. The daily is showing a shooting star formation after spiking out of a supply zone. 4hr is showing lots of selling pressure. forming two zones 1st at 1.3054 and another at 1.3020. My hourly chart shows price plummeting 1.3009. I see no reason for it to spike up 25 pips. And that's just the technical side. On the other hand I can be totally wrong. or missed something. come on winner, winner chicken dinner!!!!
getting some legs here... hopefully will plough through this minor s/r zone.. and down to the main bottom of current range. (zone 1.20953 - 1.2883)...

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Quoting MrTrendy
getting some legs here... hopefully will plough through this minor s/r zone.. and down to the main bottom of current range. (zone 1.20953 - 1.2883)... {image}
I agree with you I believe it will blast through. Currently looking for an entry short for the long term, at least till Oct 24
I think we are going to consolidate here for a little while. Bulls might come in for the short term. then continue to the downside next week. Much to my surprise if it continues past 1.2910
Pair on its way to fill the numbers missed during last drop. May go briefly below 1.29 where buyers expected to come in around 1.2880 and below.

If i'm not wrong and there are no more numbers below, market is ready to move up after this for projected test of June's high.
8G All Time Return: -98.8%
Quoting 10cents
Pair on its way to fill the numbers missed during last drop. May go briefly below 1.29 where buyers expected to come in around 1.2880 and below. If i'm not wrong and there are no more numbers below, market is ready to move up after this for projected test of June's high.
hey mate, sorry to be a pain but could I possibly ask how you work out you're projections please? do you look at volume etc? I'm always on lookout to learn something new ;-)

Cheers!!
MT
the weekend market shows its at 1.2900 right now.. There is also no indication right now of the trend apart from it being Bearish..i wonder if next is 1.2860 ~ 1.2800
General trend seems bearish. For the week, expecting retracement back towards 1.3015 before the downward trend resumes.
babakeni All Time Return: -42.6%
1.2900 very interesting support area in history ...... worth to watch it
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Huge berish presur on H4 timeframe im expecting breakout here but im still waiting
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Quoting mizi123
Huge berish presur on H4 timeframe im expecting breakout here but im still waiting {image}
Thank you for sharing, That chart looks very clean, may I know what indi are you using?
Is these one down on attach, he point major round levels is interesting if you see in history price allways reacts on these levels
Attached File
File Type: mq4 Udinefx RN clear levels.mq4   3 KB | 229 downloads
Quoting liquidice
{quote} Thank you for sharing, That chart looks very clean, may I know what indi are you using?
See how many time's in 2.5 half months price have reacted on these levels wthout any other type of tool use is magic
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