USD/CAD

Given the strength of that support. I think the bump up could happen today. Long at 1.2734 . Stop at be.. we will see

I have a long position too. My target is at 1.2800, though I don't think this is the end of the move to the downside.

i take long too...
my TP 1.2936

long is more solid now than it has been in days. long as well

So I guess you are all in red at the moment, but I really hope that before thenext move down it will go back to 1.3 cause I have a long there :/

1.3 will be extremely difficult to touch imo. my tp is in the 1.29 area pending price action.

No PA up yet

Does anyone have any solid technicals or fundamentals to say when this pair will start moving north (up) ?

Thanks.

and sl hit.

TP 66 for me

Nice setup +700 pips long

That's a nice entry

Do you think USDCAD will go up soon please? I place a buy trade unfortunately it went the other way big time

It is 70 pips, no 700, it may go up, but you can reduce your losses by opening smaller lots in the trend direction i.e. if your initial trade is 0.05 lot, open 0.02 in the opposite direction, so that if the trend continues going against you, you still will have profits from your 0.02 lot trade. I hope you understand what I mean.

how far can it go? to 1?

i said it before and i regret assuming a strong correction as i stair at the monthly. it had its correction from the first large drop and im leaning to a free fall far beyond the first drop :/

Interludebay, since nobody has responded to your request, I would like to offer some info that somebody gave me some time ago. 1st, nobody can say with 100% accuracy which way the currency pair is going to move. However, by using some good indicator tools, you would be able to increase your successful trades and decrease your losses. 2nd, if you are worried about the direction, it usually means 1 of 3 things, 1) you used to much margin, 2) you are basing your investment on hope, wishing, or I think instead of technical data, & 3) you are not using a stop loss to manage your investment risk. Have you decided if you are a swing trader or an intraday trader? My personal opinion is the USD will continue to weaken and the CAD will strengthen thus this pair will continue to fall. There will be some retracing north so that the currency pair can continue downward. If oil increases in price, this pair will likely continue south as well. Try taking a look at some good indicators, and also understanding the USD currency and Crude Oil, this will give you further insight on the pairs that have USD. Remember, if you do not make an investing plan using strategy, it is like walking blind in the dark on a cliff. You may stop in time, but you are likely to fall off and get hurt. Lastly, sometimes you have to take the loss in order to move forward. I have done it, wanted to cry because of the lost money, but was able to earn it back due to making a plan with strategy, using Stop Loss and removing feelings. I had to get better at entries and exits as well as understanding what makes an indicator effective to better understand it. This trading is very difficult, but you have to pick your trades carefully. I look at about 50 entry opportunities a day, but if the set up is not there, I leave it alone and wait for the correct set up that will increase my odds of success. I do not like giving my money away through stupid decisions. Hope this helps.

1.2515 --- reflection point

Now is: 1.2649

Thank you this is very helpful. Do you by any chance use any "robot" to help you trade? I do find it in some discussions that some of the traders do it with the help of "robot" signals. I trade in small lots like 0.10 and 0.20 but since my capital is not so much I think that's what makes me struggle.

Hopefully something good will happen tomorrow.

Those are 700 ticks and only 70 pips, btw nice opportunity if it will work.
Good luck