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Attachments: USD/CAD
Exit Attachments

USD/CAD

Quoting aa4fx
to 1.3024 and after the free fall!
Hope this is the last swing up. Gonna add one more position when PA is right.
There is NO god.. Only the believers!
Just placed a pending sell order at 1.3060 with 50 pips stop loss.
Let's see...
Moved my order from 1.3060 to 1.3050.
Quoting Forexnewbe14
Just placed a pending sell order at 1.3060 with 50 pips stop loss. Let's see... Moved my order from 1.3060 to 1.3050.
Took a small short on audcad with 30 pips stop loss.
Quoting Forexnewbe14
Just placed a pending sell order at 1.3060 with 50 pips stop loss. Let's see... Moved my order from 1.3060 to 1.3050.
Sell got triggered.....let's see what happens.
Quoting Forexnewbe14
Just placed a pending sell order at 1.3060 with 50 pips stop loss. Let's see... Moved my order from 1.3060 to 1.3050.
dayum bro. how do you do it?
Quoting Sh0ukaT
{quote} dayum bro. how do you do it?
There is a daily pivot at 1.3050 and from the past one week it is acting as resistance.
I may get stopped out....but this is one of my way to trade brother......
Quoting Forexnewbe14
{quote} Took a small short on audcad with 30 pips stop loss.
Finally something is happening to my audcad... thought of closing it.... but last h4 is a pin bar....so...moved my sl to days high...
For usdcad moved my sl to 1.3060
I'm not sure why most of the people on this thread are shorting USD.CAD. This is a bullish breakout with enormously bullish fundamental pressure. CAD news tomorrow will either pause the pair until Wednesday or super charge it for another few days leading up to BOC's decision on Wednesday, 10/24.
Quoting SeeTheTell
I'm not sure why most of the people on this thread are shorting USD.CAD. This is a bullish breakout with enormously bullish fundamental pressure. CAD news tomorrow will either pause the pair until Wednesday or super charge it for another few days leading up to BOC's decision on Wednesday, 10/24.
It may be bullish....but here is my chart...there is a confluence resistance around 1.3080
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_20181019-064948.png Size: 144 KB
The USD/CAD pair went to a high of 1.3116 on negative CAD data. Very close to my short entry at 1.3130. Let's see if it will get there.
Damn - moved too many pips. Was going to put this on a buy if CAD data was poor. However, it's now not worth my R:R ratio.

Perhaps if there's a retraction to the 306 level within the next hour I'll go for it. Unlikely to get there though!
Quoting arigoldman
The USD/CAD pair went to a high of 1.3116 on negative CAD data. Very close to my short entry at 1.3130. Let's see if it will get there.

it could go higher. maybe 3200
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 55 KB


see how it respected that trendline on the daily tf, if it breaks and then bounces above on a retest then we might get some movement upwards. data wa really bad.
The next part of the news cycle, Monday and Tuesday, will question whether BOC is going to raise on the tail of this weak data. I expect USD.CAD to hit 1.32 in advance of Wednesday's BOC meeting.

If you traded the news, there was a pullback on the 4Hr to MA support, confirmed with Parabolic SAR, and a reversal pattern on the 5-minute ahead of the 830 news.
Quoting mamalujo
{image} see how it respected that trendline on the daily tf, if it breaks and then bounces above on a retest then we might get some movement upwards. data wa really bad.

should bounce at 1.3087 region
Quoting SeeTheTell
The next part of the news cycle, Monday and Tuesday, will question whether BOC is going to raise on the tail of this weak data. I expect USD.CAD to hit 1.32 in advance of Wednesday's BOC meeting. If you traded the news, there was a pullback on the 4Hr to MA support, confirmed with Parabolic SAR, and a reversal pattern on the 5-minute ahead of the 830 news.
i agree
Took a small short on the retest of r1 at 1.3110. sl at 1.3125.
It is Friday....still took the short.
Everything depends on daily close. If it closes above 1.31 then there is no hope for bears.
Quoting Forexnewbe14
Took a small short on the retest of r1 at 1.3110. sl at 1.3125. It is Friday....still took the short. Everything depends on daily close. If it closes above 1.31 then there is no hope for bears.
Got stopped out.....this is what happens when you want to catch top or bottom
It’s BOC rate decision tomorrow, why this place so quiet?
I know the market says the BOC is going to raise, and they probably will, but they have every reason not to raise. Check out this article: https://medium.com/@joe.mchugh/lower...a-1c50cd68ec42
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