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USD/CAD

  • #13,201
  • Jul 3, 2018 4:52pm Jul 3, 2018 4:52pm
They may retest last top 1.3370 however long term it's bearish to me
  • #13,202
  • Jul 4, 2018 3:09am Jul 4, 2018 3:09am
Selling it from 1.3157
If no clear downside I will probably switch to scalping mode.
  • #13,203
  • Jul 4, 2018 3:17am Jul 4, 2018 3:17am
buy UC @ 1.3155 tp @1.3357

Green pips and good luck all
  • #13,204
  • Jul 4, 2018 6:06am Jul 4, 2018 6:06am
Quoting aa4fx
Selling it from 1.3157 If no clear downside I will probably switch to scalping mode.
I was out @ 1.3140, 30 min ago ... now is still around.
I'll wait the price to move and take a good buy or sell, thinking that today the price will stay in this area.
  • #13,205
  • Jul 4, 2018 6:45am Jul 4, 2018 6:45am
The more I look the more sell I see, therefore I made up my mind.
Sold it now @ 1.3148 (wished above 54 but don't want to wait, I might add extra if it will be the case) and looking to exit a little under 1.31.
  • #13,206
  • Jul 4, 2018 9:30am Jul 4, 2018 9:30am
Quoting aa4fx
The more I look the more sell I see, therefore I made up my mind. Sold it now @ 1.3148 (wished above 54 but don't want to wait, I might add extra if it will be the case) and looking to exit a little under 1.31.
I'm out now @ 1.3139
  • #13,207
  • Jul 4, 2018 9:50am Jul 4, 2018 9:50am
Now @ 1.3150
Will it go to 60 or better 76 so that I could sell? ... let's see, looking to happen before London close.
Dropped to 1.3143 while writing this post.
  • #13,208
  • Edited 10:29am Jul 4, 2018 10:01am | Edited 10:29am
Quoting aa4fx
Now @ 1.3150 Will it go to 60 or better 76 so that I could sell? ... let's see, looking to happen before London close. Dropped to 1.3143 while writing this post.
in @ 55 ...
out @ 47
  • #13,209
  • Jul 4, 2018 11:37am Jul 4, 2018 11:37am
tempting buy now @ 1.3130, will do it under 15.
  • #13,210
  • Jul 4, 2018 6:02pm Jul 4, 2018 6:02pm
Easy trading when the range is small, as in the latest days. It won't be the case in the next two days but getting it right will bring more money!

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.PNG Size: 316 KB
  • #13,211
  • Edited 2:09am Jul 5, 2018 12:22am | Edited 2:09am
Harmonic Pattern: In USDCAD weekly chart, we found it is bearish bat pattern & it is a long way down towards 1200+ pips from its current position.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADWeekly.png Size: 40 KB
  • #13,212
  • Jul 5, 2018 1:28am Jul 5, 2018 1:28am
Quoting Xrin
Harmonic Patter: In USDCAD weekly chart, we found it is bearish bat pattern & it is a long way down towards 1200+ pips from its current position. {image}
Would you mind saying what harmonic indicator you are using. It's very clean.
Pride always comes before destruction.... -Proverbs 16:18
  • #13,213
  • Jul 5, 2018 4:45am Jul 5, 2018 4:45am
now @ 1.315
Where initially I was thinking to sell it from 1.3176 / 88 the latest view tells me to wait until 1.3205.
Why not buy now? ... maybe, from a better place, like 1.3112.
  • #13,214
  • Jul 5, 2018 5:54am Jul 5, 2018 5:54am
following the trend down from the 1 month chart this pair has been respecting all its supports and trend lines it is also entering its second D extension for the current move i expect it to break counter trend by the end of the day continuing upward

https://smarttrader.com/charts/sup3r...hf/buy-usdchf/
  • #13,215
  • Jul 5, 2018 7:26am Jul 5, 2018 7:26am
Quoting aa4fx
now @ 1.315 Where initially I was thinking to sell it from 1.3176 / 88 the latest view tells me to wait until 1.3205. Why not buy now? ... maybe, from a better place, like 1.3112.
1.3112 is getting touched but the pair didn't talked enough to make me buy it there.
I am not excluding a quick jump back to 1.315.

edit: hmm, bought it 1.3116 / out @ .22
  • #13,216
  • Jul 5, 2018 1:28pm Jul 5, 2018 1:28pm
I already took a tiny profit from .47, I might take few scalps if available or better wait tomorrow's cad news.
  • #13,217
  • Jul 5, 2018 1:48pm Jul 5, 2018 1:48pm
only buy dips on this pair

reasons:

1. Trade war risks
2. Oil price likely to fall
3. Bad CAD fundamentals
4. Much better USD fundamentals
5. If stocks sell-off, then this pair always goes up
6. FED is raising rates, BOC is very cautious
Don't Worry Be Happy
  • #13,218
  • Edited 3:56pm Jul 5, 2018 2:27pm | Edited 3:56pm
just sold it from .39, looking to see it under .22

--
the other scenario was to buy it to .62 and sell it from there, therefore I will sell it again above .62 if it won't work out the first sell.
--
just went out with a tiny profit.
  • #13,219
  • Jul 5, 2018 10:41pm Jul 5, 2018 10:41pm
Market Analysis: market started a short term up trend, but in long term perspective its still down trend, therefore, we confirm market is ranging & don't enter for long trend until price cross upper band levels & only enter for short trade when price cross lower band levels.

Trading charts: M15, M30, H1, H4
Our recommendation: Market is ranging

upper band level 1: 1.3195
upper band level 2: 1.3223
lower band level 1: 1.3109
lower band level 2: 1.3095

Time: July 6, 9:34 AM (UTC+6)

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 80 KB
  • #13,220
  • Jul 6, 2018 7:20am Jul 6, 2018 7:20am
Quoting tzamo
{quote} Hi, Thank you (didn't take this trade though). Could you please explain what H & QML setups is please? Head? + Qsomething M something Low? Kind Regards, Tzamo

Quasimodo - over and under - give it a google
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