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USD/CAD

#USDCAD / Daily
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Quoting eruc
{image}
"slight" adjustment
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where are we? we are here. where are we going? ...
Short from1.3720. Without TP. Waiting to close below 1.3632. If the price moves up, I'll close the trade above 1.3735.
Short position closed at 1.3741. (-21 pips). Long position opened from that price.
Position closed at.1.3779 (+33 pips). My week has ended.😁. Enjoy weekend!
USDCAD has completed a Mesa Formation on the Weekly chart and has broken to the downside. A return to the 1.29-1.27 levels should be considered a very strong possibility.
Quoting Orly
USDCAD has completed a Mesa Formation on the Weekly chart and has broken to the downside. A return to the 1.29-1.27 levels should be considered a very strong possibility.
A chart would be nice, as I have never heard of or seen the Mesa Formation.

Any available information will be appreciated, thanks.

Have a nice weekend

Maximize wins, minimize loss, stay in the game as long as you can
Counter-Trend Entry Return This Week: na
Sure. Mesa just means "table" in Spanish. In a Mesa, there comes a top, some sideways action that can look a number of ways, and then a return to the other "leg" of the table.

USDJPY can be seen going straight across, like a true table. Other patterns look like Batman or have a nice fat belly. This one kind of has a cup-with-handle inside of it, too.
Either way, it is a good possibility that the chart will make the right-hand "leg" of the table in the future months.
That doesn't mean it will happen. It's just a possibility.
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Holding long in UC Target 1.3855..

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Forex Learner
Quoting rkr81
Holding long in UC Target 1.3855.. {image}
Added long @ 1.3722 Target 1.3855

For long position @ 1.3733 Target 1.3755

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Forex Learner
#USDCAD / H4
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I went long Fri at 1.3515 looking for pair to move up maybe into mid 1.36s but at min 50 pips.
gap down to 1.35 at market open
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money
Quoting ForexGoose
gap down to 1.35 at market open
glad I shorted this last week, this pair is going straight to hell.
Master your mind. Master Trading.
Dumped my long when I read OPEC news went short right away
Now I'm getting itchy finger to close and go long again or at least protect these profits
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Just exited long..a bit slow for a gain of just 50 pips.
Hopefully I'm not jumping out early but molasses is more entertaining
#USDCAD / Daily
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#USDCAD / H4
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See US Dollar stronger this week significantly. So USDCAD should rise to 1.3425 today minimum. But the next main target is 1.3510.
Strong support at 1.33627, so actual price 1.33645 is very good entry for a long position. First target is 1.3425 for today.
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