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USD/CAD

  • #12,501
  • Dec 6, 2017 9:22am Dec 6, 2017 9:22am
hurmmmm....break TL and retrace........
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH4.png Size: 33 KB
  • #12,502
  • Dec 6, 2017 9:23am Dec 6, 2017 9:23am
Quoting MrPresident
awwwwwwwww 1.2715 was broken so maybe there is further upside
Looking at the daily chart i feel a touch of 1.28 is due again.... still have 2 lots running long

*chance of pullback at 1.277 ...good to re-enter long again
  • #12,503
  • Dec 6, 2017 9:43am Dec 6, 2017 9:43am
Solid move on USDCAD
We shall fight We shall win.
  • #12,504
  • Dec 6, 2017 10:17am Dec 6, 2017 10:17am
Wild ride so far in December and we still have not hit NFP! Looks ilke the retrace to .618 in the works.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 88 KB
I also noticed what seems to be a reverse H&S
Ecclesiastes 1:9
  • #12,505
  • Dec 6, 2017 12:43pm Dec 6, 2017 12:43pm
maybe to 1.30 this time
  • #12,506
  • Dec 7, 2017 1:42am Dec 7, 2017 1:42am
Setting up for shorts near 1.2830 on wave c down towards 1.2500
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30 7Dec17.png Size: 40 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #12,507
  • Dec 7, 2017 9:06am Dec 7, 2017 9:06am
"The Force" is strong with this one.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 75 KB
Ecclesiastes 1:9
  • #12,508
  • Dec 7, 2017 9:59am Dec 7, 2017 9:59am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 79 KB


For my ally is the Force, and a powerful ally it is. Life creates it, makes it grow. Its energy surrounds us and binds us. ... You must feel the Force around you; here, between you, me, the tree, the rock, everywhere, yes.
Ecclesiastes 1:9
  • #12,509
  • Dec 8, 2017 8:25am Dec 8, 2017 8:25am
Steady climb this week.
  • #12,510
  • Dec 10, 2017 4:31pm Dec 10, 2017 4:31pm
Anyone thinking USD/CAD will make a bear rally anytime this week?

I am currently holding several shorts on the pair.
Carpe Diem
  • #12,511
  • Dec 10, 2017 4:45pm Dec 10, 2017 4:45pm
Quoting CKSCswing
Anyone thinking USD/CAD will make a bear rally anytime this week? I am currently holding several shorts on the pair.
Well it is close to the 1.29 resistance area so it might drop again, however on the daily we are still on an uptrend. Personally I wouldn't short this pair, i would just wait for it to drop to around 1.27 and then long from there
  • #12,512
  • Dec 10, 2017 5:04pm Dec 10, 2017 5:04pm
Quoting CKSCswing
Anyone thinking USD/CAD will make a bear rally anytime this week? I am currently holding several shorts on the pair.
No one can tell you confidently, only market. What inform you to have shorts in the first case???
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: 16.7%
  • #12,513
  • Dec 10, 2017 5:23pm Dec 10, 2017 5:23pm
Technically the USDCAD is constrained in a corrective channel, if you look at the order flow context and market structure on the W1 time frame. We may have a brief upward move but there are barriers to northward momentum. We may expect to see a bearish turnaround within the first two days of this week. The attached W1 chart shows the corrective channel or flag formation bound in chocolate coloured trendlines while a resistance trendline (magenta colour) is still in play.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Technical_Update_W1_10th_Dec.,_2017.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #12,514
  • Dec 10, 2017 8:43pm Dec 10, 2017 8:43pm
The pair is consolidating between 1.2800 to 1.2880, upside 1.3000 act as the psychological level, and on the downside 1.2800 is key support level.
  • #12,515
  • Dec 10, 2017 8:47pm Dec 10, 2017 8:47pm
Quoting 9jatrader
{quote} No one can tell you confidently, only market. What inform you to have shorts in the first case???

I am currently holding what turns out now to be bad positions and hoping for a bearish movement sometime this week; if not I will manually close.
Carpe Diem
  • #12,516
  • Dec 11, 2017 6:12pm Dec 11, 2017 6:12pm
If you are tracking USDCAD, it may be a time for a southward turnaround. Personally I have taken a short trade at a level I was watching (See attached chart.)

I may be wrong. Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Short_trade_H4_11th_Dec.,_2017.png Size: 50 KB
Do your homework, follow the footprints of smart money
  • #12,517
  • Dec 12, 2017 5:21am Dec 12, 2017 5:21am
Quoting newbegger
{image} For my ally is the Force, and a powerful ally it is. Life creates it, makes it grow. Its energy surrounds us and binds us. ... You must feel the Force around you; here, between you, me, the tree, the rock, everywhere, yes.
Hey mate, do you only use parabolic? how much you get profit on trading m1 chart??
  • #12,518
  • Dec 12, 2017 11:05am Dec 12, 2017 11:05am
This trade was aborted after a few pips' gain as momentum was turning northward.

Trade safe and prosper.

KP

Quoting KeenPips
If you are tracking USDCAD, it may be a time for a southward turnaround. Personally I have taken a short trade at a level I was watching (See attached chart.) I may be wrong. Trade safe and prosper. KP {image}
Do your homework, follow the footprints of smart money
  • #12,519
  • Dec 12, 2017 11:13am Dec 12, 2017 11:13am
Was long from 1.2817 TP 1.2874 this morning. Shorted @ 1.2880 but think I jumped in a little to early.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,520
  • Dec 12, 2017 11:28am Dec 12, 2017 11:28am
Technically, the market outlook is still bearish but on the short-term basis the pair is in a consolidation; atm it is bearing northward in a corrective mode. See the ascending wedge formation in attached D1 chart.

Trade safe and prosper.

KP


Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Technical_Update_D1_12th_Dec.,_2017.png Size: 85 KB


Quoting KeenPips
This trade was aborted after a few pips' gain as momentum was turning northward. Trade safe and prosper. KP {quote}
Do your homework, follow the footprints of smart money
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