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USD/CAD

  • #14,561
  • Feb 26, 2019 4:44pm Feb 26, 2019 4:44pm
Quoting batus
{image}
how can ? nice prediction
  • #14,562
  • Feb 27, 2019 2:00am Feb 27, 2019 2:00am
Quoting vickytej2301
{quote} how can ? nice prediction
Correlation/technical/fundy

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 72 KB
  • #14,563
  • Feb 27, 2019 3:19am Feb 27, 2019 3:19am
are we going down again ?
  • #14,564
  • Feb 27, 2019 4:00pm Feb 27, 2019 4:00pm
Quoting Yeoman
{quote} I do not disagree with your position. The weekly chart is bullish since September 2017. And with price consolidating right on top of the 20 ma, it can go either way & the tech view probably favors a bounce. I do see the price moving back to the top of the channel. I'm bearish now because of the current sentiment and strong break of the October 2018 bull run due to the feds slowing up on rate hikes. I'll close my long position before the news and add a sell stop in case my limit order doesn't hit. I'll start buying @ 1.3 unless price breaks...
So a month has gone by and not much has changed. Still riding the 20 ma down but never got the break of year and a half long bullish channel. I really thought the February candle was going to break it hard so I have been selling the peaks down to this point. I'm still cautiously bearish only if we see price break this channel.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot_2019-02-27-14-47-26.png Size: 571 KB
Click to Enlarge Name: Screenshot_2019-02-27-14-47-45.png Size: 566 KB
Yeoman the "Tough Luck" Trader =p
  • #14,565
  • Feb 27, 2019 5:50pm Feb 27, 2019 5:50pm
Quoting vickytej2301
are we going down again ?
i agreed, but now it just make db, we'll see what PA at pullback .

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 73 KB
  • #14,566
  • Feb 27, 2019 7:58pm Feb 27, 2019 7:58pm
US GDP & a Powell speech on the last day of the month. Cad gdp on the first day of the month. Be sharp.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-02-27-20-55-58.png Size: 578 KB
Yeoman the "Tough Luck" Trader =p
  • #14,567
  • Feb 27, 2019 8:33pm Feb 27, 2019 8:33pm
Quoting batus
{quote} i agreed, but now it just make db, we'll see what PA at pullback . {image}
yes.. i took that position and tp at 61.8 fibo..

i was thinking to tp at 76.4 fibo.. luckily i dont.. because price reversed at that area..

maybe price will try to go down again this day ?
  • #14,568
  • Feb 27, 2019 11:06pm Feb 27, 2019 11:06pm
going up.. safe level @ 13190

lets see..
  • #14,569
  • Feb 28, 2019 1:33am Feb 28, 2019 1:33am
PA compressed to find a liquidity, fresh supply before (DBD)
  • #14,570
  • Feb 28, 2019 3:48am Feb 28, 2019 3:48am
I still this puppy will drop like a STONE .... lets what happens today last day of month //// also looking at weekly close 129.40

Im also looking for a drop in DXY and POP in oil before end of week.
Attached Image (click to enlarge)
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  • #14,571
  • Feb 28, 2019 4:48am Feb 28, 2019 4:48am
Might go higher today if the GDP data is good

I would like to buy but the stop loss probably has to be under 1.30
Don't Worry Be Happy
  • #14,572
  • Feb 28, 2019 5:06am Feb 28, 2019 5:06am
buyers about to get flushed
  • #14,573
  • Feb 28, 2019 6:34pm Feb 28, 2019 6:34pm
UC will look for 1.30 after consolidation
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 58 KB
Don't believe me just watch!
  • #14,574
  • Feb 28, 2019 8:34pm Feb 28, 2019 8:34pm
So, this is really a very bullish looking monthly chart, but buyers beware. Looks can be deceiving... we all know that. The price action looks very similar to May/June of 2017 where support broke and the price tanked 1200 pips in 3 months before recovering in the current bullish channel. the difference this time is the price is still above the 20 ma and February's candle did not follow through. So it will not surprise me if support holds and if it doesn't that's no surprise either. CAD GDP could be catalyst for the break. Draw your own conclusions as to how far it might go if/when it does.
Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2019-02-28-22-06-26.png Size: 442 KB
Yeoman the "Tough Luck" Trader =p
  • #14,575
  • Feb 28, 2019 10:01pm Feb 28, 2019 10:01pm
ranging friday.. 1st day of the month.. and welcoming weeekend.. and next week gonna be nfp.. what will happen..

trade idea ?
  • #14,576
  • Feb 28, 2019 11:40pm Feb 28, 2019 11:40pm
Waiting if there is any momentum down.

Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 67 KB
  • #14,577
  • Mar 1, 2019 2:17am Mar 1, 2019 2:17am
come on.. go down uc..
  • #14,578
  • Mar 1, 2019 4:59am Mar 1, 2019 4:59am
Quoting vickytej2301
come on.. go down uc..
heehe, trying to shout at it, might not help, I've tried doing that before lol

Try this and start looking for buys
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #14,579
  • Mar 1, 2019 5:38am Mar 1, 2019 5:38am
Quoting FXCyborg
{quote} heehe, trying to shout at it, might not help, I've tried doing that before lol Try this and start looking for buys {image}
Up she goes, 80+ pips up, who ever went short there, thanks for the free cash and I'm sorry.
Advanced Price Action Trader -MY STUFF IS FREE! JOIN ME!
  • #14,580
  • Mar 1, 2019 5:42am Mar 1, 2019 5:42am
Quoting FXCyborg
{quote} heehe, trying to shout at it, might not help, I've tried doing that before lol Try this and start looking for buys {image}
Amazing .
If I didn't know better I'd say you are a Market Maker.
In a way you are, you know their tricks.
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