USD/CAD | Page 629 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/CAD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies

USD/JPY - USD/CAD any thoughts? 4 replies

CAD export / USD/CAD price 3 replies

Attachments: USD/CAD
Exit Attachments

USD/CAD

  • #12,561
  • Edited 9:57am Dec 19, 2017 9:37am | Edited 9:57am
Ok, took a very small long, I think it's going to be a time based close out before NY close or T/P of 1.2920. Real time stop down below 1.2700 but I will manually close if this thing looks bad.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM1.png Size: 77 KB


Sorry, I had wrong chart
Ecclesiastes 1:9
  • #12,562
  • Dec 19, 2017 12:06pm Dec 19, 2017 12:06pm
I think it will be lost, what do you say guys?
  • #12,563
  • Dec 19, 2017 2:15pm Dec 19, 2017 2:15pm
What do you mean lost? holding @1.2910 by the bears?
  • #12,564
  • Dec 20, 2017 7:55am Dec 20, 2017 7:55am
Closed Short @ 1.2821, Entered Long
***Had to edit price, accidentally put .2721
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,565
  • Dec 20, 2017 8:06am Dec 20, 2017 8:06am
Still holding my shorts from last week, soooo close to B/E. It would be nice if the inventory news brings it back to 1.2750 then I can jump ship and go long
  • #12,566
  • Dec 20, 2017 9:49am Dec 20, 2017 9:49am
I couldn't resist the long once I saw the 400MA start getting rejected on the lower time frame.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,567
  • Dec 20, 2017 2:44pm Dec 20, 2017 2:44pm
Quoting OhComeOn
I couldn't resist the long once I saw the 400MA start getting rejected on the lower time frame.
BE Hit.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,568
  • Dec 21, 2017 7:35am Dec 21, 2017 7:35am
Quoting coldvinc
Still holding my shorts from last week, soooo close to B/E. It would be nice if the inventory news brings it back to 1.2750 then I can jump ship and go long
CONGRATULATIONS!!
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,569
  • Dec 21, 2017 10:05am Dec 21, 2017 10:05am
Quoting OhComeOn
{quote} CONGRATULATIONS!!
Lol yeah... But I had to hedge my short or I would have gotten margin called so now I need it to bounce back up.
Now I would love for it to form a double bottom and bounce back to 1.29

The fact that it still wasn't able to get lower is a good sign for that but I can't hold out much longer...
  • #12,570
  • Dec 21, 2017 2:35pm Dec 21, 2017 2:35pm
Quoting coldvinc
{quote} Lol yeah... But I had to hedge my short or I would have gotten margin called so now I need it to bounce back up. Now I would love for it to form a double bottom and bounce back to 1.29 The fact that it still wasn't able to get lower is a good sign for that but I can't hold out much longer...
Well I will cross my fingers for you that we hit the Resistance at 1.29061 on the 4H chart. There is going to be a lot of profit taking tomorrow due to both it being Friday and Christmas next week.
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,571
  • Dec 21, 2017 8:45pm Dec 21, 2017 8:45pm
Price may be slowly heading back to 1.28 again.. I'm long 1 lot from 1.274. The only worry is the data coming out tomorrow morning... lately it seems positive economic releases from Canada have resulted in sell-offs on the pair... hopefully there was some exhaustion from today's drop
  • #12,572
  • Dec 23, 2017 8:07am Dec 23, 2017 8:07am
Lost some this week but i think the trend would stay to the upside.
  • #12,573
  • Dec 25, 2017 3:17pm Dec 25, 2017 3:17pm
If you are tracking USDCAD this week, consider this technical perspective.

On the daily time frame, price action has moved far below the distal part of the wedge formation seen on the weekly time frame. It has formed a triangle (bound by navy coloured lines), resulting from a downward impulsive phase which is now in a corrective phase. An ascending channel, formed with a resistance trendline (magenta colour) from the highs of the recent candlesticks, can be seen as from mid-September 2017. Price action is squeezed around a confluence of resistance; including the apex of the triangle, the triangle resistance line and the horizontal resistance zone around the 1.29030 area. This situation saw price action hit the channel support line several times last week. Should bears manage to break down the channel support line, a likely target is the 1.25600/1.24530 zone. This will require a bearish follow-through of the doji-like candlestick formed last week Friday. Bulls may find it rather difficult to break through the northward barriers and take price further to the upside from the current location of price action; but this cannot be ruled out. However, such a move is likely to be curtailed.


I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_Top-Down_Analysis_D1_24th_Dec.,_2017.png Size: 46 KB
Do your homework, follow the footprints of smart money
  • #12,574
  • Dec 25, 2017 3:22pm Dec 25, 2017 3:22pm
Quoting KeenPips
If you are tracking USDCAD this week, consider this technical perspective. On the daily time frame, price action has moved far below the distal part of the wedge formation seen on the weekly time frame. It has formed a triangle (bound by navy coloured lines), resulting from a downward impulsive phase which is now in a corrective phase. An ascending channel, formed with a resistance trendline (magenta colour) from the highs of the recent candlesticks, can be seen as from mid-September 2017. Price action is squeezed around a confluence of resistance;...
It depends on the time frames. For longer TF, monthly the bulls are in charge and in control
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #12,575
  • Dec 25, 2017 3:35pm Dec 25, 2017 3:35pm
Visit the weekly technical outlook for detailed top-down analysis.

Trade safe and prosper.

KP

Quoting 9jatrader
{quote} It depends on the time frames. For longer TF, monthly the bulls are in charge and in control
Do your homework, follow the footprints of smart money
  • #12,576
  • Dec 25, 2017 3:51pm Dec 25, 2017 3:51pm
Quoting KeenPips
Visit the weekly technical outlook for detailed top-down analysis. Trade safe and prosper. KP {quote}
The monthly
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad1.png Size: 36 KB
Make all mistakes in demo and rain in pips in live account
9jatrader All Time Return: -49.7%
  • #12,577
  • Dec 27, 2017 11:31pm Dec 27, 2017 11:31pm
Placing Long at 1.26168
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #12,578
  • Dec 28, 2017 2:51am Dec 28, 2017 2:51am
Scaled in and waiting to get long from 1.2585 - 1.2560
Attached Image (click to enlarge)
Click to Enlarge Name: UCAD.png Size: 73 KB
Pride always comes before destruction.... -Proverbs 16:18
  • #12,579
  • Dec 28, 2017 3:58am Dec 28, 2017 3:58am
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 120 KB
  • #12,580
  • Dec 28, 2017 9:10am Dec 28, 2017 9:10am
Quoting Expo33
Scaled in and waiting to get long from 1.2585 - 1.2560 {image}
Attached Image (click to enlarge)
Click to Enlarge Name: IMG_2323.PNG Size: 211 KB


Me too, I'm feeling the bounce of daily trendline [email protected] what's your upside target?
16 traders viewing now