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USD/CAD

Quoting Zircon
{quote} ?? still possible weekly close.
Yes, the DXY will start rising now. Dollar up. I agree.
Quoting Vincent1
Since we don't see buyers here, on H4 looks like a possible Three Valleys and A River It's like a Three Drives more complex, inside and AB=CD The target is around 1.25 Waiting for a sell-off {image}{image}
Update
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$6000 trading week.
instagram: stepbystepforex
I am 100% convinced bonds will rise which will strengthen USD which in turn will put pressure on energy. BUY: $USDCAD 1.2696 CLOSE 50% AT 1.28
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00 AND PUT A STOP IN AT ENTRY AND LET IT RUN RISK FREE
Quoting Zircon
{quote} ?? still possible weekly close.
?... +/- 1.25600
Travellers are right.
Quoting Zircon
{quote} ?... +/- 1.25600


1.26500. good support maybe??
Travellers are right.
Quoting Zircon
Sentiment Reversed- some hope start build. ?maybe
Buying is better
Travellers are right.
Quoting Zircon
{quote} Buying is better
This is scalpers paradise. I don't think there can be any buying or selling decision that can be made with this. This is just going in and out and repeat.
Quoting Piphunter40
{quote} This is scalpers paradise. I don't think there can be any buying or selling decision that can be made with this. This is just going in and out and repeat.
if you bought 5 hrs ago will be 26 pips up. looks you scalping ?
i am talking about buy and hold...

i love scalping time to times.
Travellers are right.
Will there be a reversal right when Biden is to sign the new covid relief bill ? I really don't know how to interpret this ? IMHO So, I went for it anyways... the second image is at the moment of signing. I realize it may be a coincidence and that it may not be a reversal at all...
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Intelligence Grows Where Feedback Flows
Quoting Pipimintpati
Will there be a reversal right when Biden is to sign the new covid relief bill ? I really don't know how to interpret this ? IMHO So, I went for it anyways... the second image is at the moment of signing. I realize it may be a coincidence and that it may not be a reversal at all... {image} {image}
Why would it reverse?

when there is an extra 1.9 TRILLION USD in the system, they don't become worth MORE

In fact, they become worth LESS

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The two most powerful warriors are patience and time. Leo Tolstoy
Quoting Erebus
{quote} Why would it reverse? when there is an extra 1.9 TRILLION USD in the system, they don't become worth MORE In fact, they become worth LESS {image}

And even though I know this I still made the trade. I've seen stranger things. Thank you though for reminding me that I am able to make decisions based on nothing whatsoever. however, I have not yet lost on this trade...


Edit, But i'm about to....
Intelligence Grows Where Feedback Flows
Or maybe not, Stranger things have happened...

I didn't want to seem more incorrect earlier than I already was, but, none of the stimulus money has changed accounts yet. So, there is no real reason for anything to change until the money is transferred to various institutions and really, the dollars are still dollars so although diluted they should still be in the USA Coffers...IMHO, just a thought. Ultimately the dollar will fall soon IMHO, too.
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Intelligence Grows Where Feedback Flows
I made this trade earlier, and I think what happen was the SP500 went sideways all morning and held USDCAD in place while XAUUSD positioned itself to go long as SP500 went bullish at times, then driving the USD Down and USDCAD.
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Intelligence Grows Where Feedback Flows
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With all the stimulus money hitting the markets this weekend the SP500 should have a good week ? IMHO and the dollar folds tanks. But, here the weekly chart has landed right on top of these overlapping whole fibo % I am curious to where the open will be... Although the 110 % is a very common target/reversal IMHO...
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Intelligence Grows Where Feedback Flows
Quoting Pipimintpati
With all the stimulus money hitting the markets this weekend the SP500 should have a good week ? IMHO and the dollar folds tanks. But, here the weekly chart has landed right on top of these overlapping whole fibo % I am curious to where the open will be... Although the 110 % is a very common target/reversal IMHO... {image}
It will start reversing direction soon as the equity markets and oil reach new highs. 1.24 flat?
Quoting Temujin
{quote} It will start reversing direction soon as the equity markets and oil reach new highs. 1.24 flat?

why do you say 1.24 flat ?
Intelligence Grows Where Feedback Flows
Quoting Erebus
{quote} Why would it reverse? when there is an extra 1.9 TRILLION USD in the system, they don't become worth MORE In fact, they become worth LESS {image}
Everyone else is printing as well...
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