USD/CAD

I guess it didn't hold. and now bullish. SMH. Until next time.

this pair is really tanking.. New Daily & 4hr Supply and Demand levels being formed at the moment. I guess Ca Investors are really in favor of a Nafta deal.

Now seeing consolidation off the minor resistance at 13150. Further major selling needs June's high to be tested first, hopefully over next 2 weeks.

Crude rise from minor support means region at 72-73 could be tested before dip towards 65. Also expecting Euro to give 1.15 a test soon.

Long

Price approaching support trendline, possible buy up around 1.3 or just below.

I actually bought at 1.302333. I rarely trade for long term as they setup about once a month but this is one of them. Small risk vs big reward .50% risk on the capital. Risk vs reward is 6:1. I think it's worth the risk even if stopped out.

Hopefully tomorrows CPI is going to clear things up. And my stop doesn't get hit.

Chart is the Daily and H4.

420 pips will I get it? Might take weeks to get there. hah hah hopefully it does.

The USD/CAD depreciated a lot today. Good support level is seen at 1.2740.

Yes it did. But we are at buy area 75% retrace of the daily. There's gotta be some fight around here even if it goes down. Hopefully I'm right :-) CPI tomorrow it will show the way.

Here is strength meter of CAD so yeah I am crazy. But, truth is my daily chart have a buy and this is a dip 75% retrace of that dip doesn't sound so risky to me. Worst case scenario I loose .50% of my balance.

Nice strong move down, suspect price consolidates here. Waiting for some indication which way it will go.. I can see 1.29 test if it clears 1.30 cleanly

Good sign for my long strong rebound after the CPI. 420 pips is still an illusion right now long way from there but at least 1.305xx area at least due to this rebound.

Good luck you and me. We are the only two brave ones it seems who bought into this dip. I moved my stop up tighter. They already proven there is support there so no need to go deeper than that. If that latest lowest box is breached this thing is already screwed. So far so good for both of us. Hurrahhh!!! I hope they break above that resistance now. And it will now be a free ride for me no more loss if that happen.

Euro bouncing off the support this morning. Likely more consolidation around this 1.3 level, expecting buyers to continue showing up around 1.3 or just below.

serious sell off , what did i miss?

looks like heading down. lets see

My long is already screwed but it manages to get some +30 pips before coming back down. Likely going to test the 1.290xx area now.

maybe last week's bearish bar? too quick for you?

well, you never see yesterday's bearish day then, it took out the previous 3 days up

Price still trending along the short term support trend line. Expecting any dips below 1.3 to be snap up to stay above the support channel.