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USD/CAD

  • #12,481
  • Dec 1, 2017 10:28pm Dec 1, 2017 10:28pm
Good day to you,

According to my analysis, the weekly chart indicates that we are likely to also revisit 1.2760. The Monthly indicates a possible number of 1.2485-1.2490. The challenge here, will be to figure out which number will be first. Common sense dictates that a retrace from current levels back to 1.2760 may be first before we see continuation down to 1.2480 - 1.2490 area?

I am going to look at long position on weekly first towards 1.2760 ( currenl price 1.2687) - and if monthly still valid - then shorting towards the short target on the monthly. This just my view - it is purely indicator based.

All the best!
We Can
  • #12,482
  • Dec 1, 2017 11:09pm Dec 1, 2017 11:09pm
Quoting KingOSwing
Good day to you, According to my analysis, the weekly chart indicates that we are likely to also revisit 1.2760. The Monthly indicates a possible number of 1.2485-1.2490. The challenge here, will be to figure out which number will be first. Common sense dictates that a retrace from current levels back to 1.2760 may be first before we see continuation down to 1.2480 - 1.2490 area? I am going to look at long position on weekly first towards 1.2760 ( currenl price 1.2687) - and if monthly still valid - then shorting towards the short target on the...
1.26 also looks like it has potential for a long. I've been waiting patiently for 1.2485, shouldn't be too much longer....
  • #12,483
  • Dec 3, 2017 8:14am Dec 3, 2017 8:14am
Quoting skyhok
{quote} Medium term short on the expanding range (5), an a-b-c corrective decline. {image}

" Edited Dec 1, 3:48pm"

hmmmm

Just reading for additional confirmation.
  • #12,484
  • Dec 3, 2017 1:27pm Dec 3, 2017 1:27pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 2-12.PNG Size: 46 KB
  • #12,485
  • Dec 3, 2017 3:37pm Dec 3, 2017 3:37pm
Quoting OHLC
I still think USDCAD has further to go in the next day or two but, I'm out. {image}
The problem with trading a fortune telling moves is, you have to use a very wide stop. I wasn't going to deal with figuring out where to put SL for the fortune telling move so I just closed the trade. But, trading a fortune telling moves with a large account would guarantee you'd eventually hit TP.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 43 KB
Here's Tom with the weather.
  • #12,486
  • Dec 4, 2017 1:02am Dec 4, 2017 1:02am
Retracing on wave b of a-b-c corrective decline.
Holding shorts, looking to add on retracement, target towards 1.2500.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30 4Dec17.png Size: 51 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #12,487
  • Dec 4, 2017 3:37am Dec 4, 2017 3:37am
Usd/Cad returned to trade almost flat around 1.27 level after lost nearly 200 pips, I'm holding shorts, my target is 1.26.
  • #12,488
  • Dec 4, 2017 3:44am Dec 4, 2017 3:44am
It looks that is a feasible bias; if the bearish pinbar formed on the weekly time frame last week is anything to go by. The pinbar formed around an S/R zone.

Trade safe and prosper.

KP

Quoting csc2009
Usd/Cad returned to trade almost flat around 1.27 level after lost nearly 200 pips, I'm holding shorts, my target is 1.26.
Do your homework, follow the footprints of smart money
  • #12,489
  • Dec 4, 2017 5:19am Dec 4, 2017 5:19am
Good price to exit all shorts, waiting for retracement ...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30 4Dec17c.png Size: 51 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #12,490
  • Dec 4, 2017 5:22am Dec 4, 2017 5:22am
waiting for it to test 1.267, if breaks below then probably move towards 1.247
fortis fortuna adiuvat
  • #12,492
  • Dec 4, 2017 8:08am Dec 4, 2017 8:08am
USD/CAD is at the support at 1.2670.I think that now there are two possible scenarios - the pair will either rebound from 1.2670 and start rallying, or there will be a breakout and a drop to 1.2600.
  • #12,493
  • Dec 4, 2017 10:36am Dec 4, 2017 10:36am
Back to 1.29 maybe....may take a few days
  • #12,494
  • Dec 4, 2017 1:09pm Dec 4, 2017 1:09pm
Here's a technical update you may consider if you are tracking the USDCAD. A bearish pinbar formed last week and a support trendline on the D1 time frame has been broken on a daily close.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Update_D1_4th_Dec.,_2017.png Size: 46 KB


Quoting KeenPips
It looks that is a feasible bias; if the bearish pinbar formed on the weekly time frame last week is anything to go by. The pinbar formed around an S/R zone. Trade safe and prosper. KP {quote}
Do your homework, follow the footprints of smart money
  • #12,495
  • Dec 5, 2017 8:22am Dec 5, 2017 8:22am
this pair is ugly to trade this week

better wait until after the BOC announcement to enter
Don't Worry Be Happy
  • #12,496
  • Dec 5, 2017 9:50am Dec 5, 2017 9:50am
long fron 1.2669, ema 200 to 1.2755
NO MATTER THE SITUATION,NEVER LET YOUR EMOTIONS OVERPOWER YOUR INTELLIGENCE
  • #12,497
  • Dec 6, 2017 8:45am Dec 6, 2017 8:45am
short before BOC
Don't Worry Be Happy
  • #12,498
  • Dec 6, 2017 8:58am Dec 6, 2017 8:58am
Going long with small position
  • #12,499
  • Dec 6, 2017 8:59am Dec 6, 2017 8:59am
Quoting Trenderer
Going long with small position
no, don't do it!
Don't Worry Be Happy
  • #12,500
  • Dec 6, 2017 9:01am Dec 6, 2017 9:01am
awwwwwwwww

1.2715 was broken so maybe there is further upside
Don't Worry Be Happy
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