USD cad going up w chart engoulfing strong resistance last week good news soon more good news for usd plus oil going down let's make Trump grait again
- Post #11,782
- Quote
- Aug 8, 2017 6:18am Aug 8, 2017 6:18am
Partial profit
Taking partial profit here. Will switch over to a hourly chart and see if this can turn into a runner. Important, for this plan, that the hourly at least closes above purple here.
M5
Taking partial profit here. Will switch over to a hourly chart and see if this can turn into a runner. Important, for this plan, that the hourly at least closes above purple here.
M5
- Post #11,784
- Quote
- Aug 9, 2017 3:35pm Aug 9, 2017 3:35pm
- Joined Jul 2011 | Status: Lord Of War | 1,832 Posts
shes holding above 1.2700 
rally should COMe soon towards 1.28 area.
Going long with tight stoploss 1.1690 from 1.2701
rally should COMe soon towards 1.28 area.Going long with tight stoploss 1.1690 from 1.2701
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- Post #11,785
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- Aug 9, 2017 4:25pm Aug 9, 2017 4:25pm
shes holding above 1.2700
Maybe 1.26 first...
- Post #11,788
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- Aug 11, 2017 5:49am Aug 11, 2017 5:49am
- | Joined Oct 2014 | Status: Member | 915 Posts
- Post #11,790
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- Aug 13, 2017 7:52pm Aug 13, 2017 7:52pm
- | Joined Apr 2014 | Status: Member | 1,049 Posts
- Post #11,791
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- Aug 14, 2017 3:19am Aug 14, 2017 3:19am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,147 Posts
The pair seems lost its bullish momentum, resistance level can be found at 1.27, on the downside, supports are around 1.2640/50 zone.
Short opportunity ahead (still untriggered)
Money moves the market, not an indicator.
- Post #11,792
- Quote
- Aug 14, 2017 3:31am Aug 14, 2017 3:31am
Usd/Cad is respecting Dlevels quite nicely last few weeks.
As we mentoned; Stop grabber sell played out and market pushed back from monthly Cop. We have another F5 resistance beneath the low at 1.2175.
Market has formed nice thrust at weekly , If it can push higher in 2-3 weeks time to primary F3 we can get B&B sell.
Looking at daily, DRPO buy has played out and market reached first confluence resistance zone and pulled back. We do have nice confluence+ agrement zone higher for B&B setup.
Because of market respecting d levels we can go lower and try to buy 4hr confluence but we need to be carefull because we are against monthly sell and weekly thrust and daily up trend can faded by higher timeframe traders around these levels. So if the support zone on 4hr doesnt hold and breaks easily we need to look for a way out fast. 
As we mentoned; Stop grabber sell played out and market pushed back from monthly Cop. We have another F5 resistance beneath the low at 1.2175.
Market has formed nice thrust at weekly , If it can push higher in 2-3 weeks time to primary F3 we can get B&B sell.
Looking at daily, DRPO buy has played out and market reached first confluence resistance zone and pulled back. We do have nice confluence+ agrement zone higher for B&B setup.
Because of market respecting d levels we can go lower and try to buy 4hr confluence but we need to be carefull because we are against monthly sell and weekly thrust and daily up trend can faded by higher timeframe traders around these levels. So if the support zone on 4hr doesnt hold and breaks easily we need to look for a way out fast.
- Post #11,793
- Quote
- Aug 14, 2017 3:36am Aug 14, 2017 3:36am
- Joined Jul 2007 | Status: Member | 17,792 Posts
COT: The precious data ignored
- Post #11,794
- Quote
- Aug 15, 2017 7:05am Aug 15, 2017 7:05am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,147 Posts
Money moves the market, not an indicator.
- Post #11,795
- Quote
- Aug 15, 2017 7:57am Aug 15, 2017 7:57am
- Joined Jul 2017 | Status: Active member | 1,655 Posts
