Attachments: USD/CAD

USD/CAD

#15,361
Oct 4, 2019 2:59am Oct 4, 2019 2:59am

gespiri
Joined Oct 2011 | Status: Lost.... | 2,384 Posts

This is where we are. Pay attention to what the algos are doing.
If it breaks the 1.3345 level, next TPs are at 1.3428 - 1.3470.
If it goes down from here, it will be down to 1.3033 which will take about a couple of weeks.
I'm leaning down with some nasty spikes so prudent money management is advised.

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Lost....

#15,362
Oct 4, 2019 3:09am Oct 4, 2019 3:09am

htcone
| Joined Apr 2019 | Status: Trader | 610 Posts

Quoting gespiri

Disliked

This is where we are. Pay attention to what the algos are doing. If it breaks the 1.3345 level, next TPs are at 1.3428 - 1.3470. If it goes down from here, it will be down to 1.3033 which will take about a couple of weeks. I'm leaning down with some nasty spikes so prudent money management is advised. {image}

Ignored

risk towards up is more than down...reason...banks have reduced cad buying from 20 k to 5 k, on the other hand 93% retail traders are short on this pair..

sell strength in falling markets, and buy weakness in rising markets.

#15,363
Oct 4, 2019 5:15am Oct 4, 2019 5:15am

goldencalf
Joined Apr 2019 | Status: Trader | 297 Posts

https://www.poundsterlinglive.com/ca...ajor-bank-says

just trying to connect headlines...didn't understand article, how managers been long cad for 2 years, if dollar was rising all 2 years... but bank said right, just not Monday, but Tuesday usdcad flayed..

#15,364
Edited 10:03am Oct 4, 2019 7:38am | Edited 10:03am

Unbiased
| Commercial User | Joined Sep 2019 | 249 Posts

Quoting Unbiased

Disliked

If you have read about my probable scenario of buying CAD as scalp trade, you can understand why I bought CAD. {image} If we look at the recent moves of USD/CHF in last two days, USD/CHF always erased fall and made a new high whereas USD lost against major currencies like EUR and JPY. This shows significant weakness in CHF, that's why I bought CAD/CHF instead of selling USD/CAD. {image}

Ignored

I was stopped out in last hour but re-entered buy because USD/CHF holds the same tendency and CAD took support at FIB38.2. I am targeting the same area as shown in previous post.

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#15,365
Edited 11:18am Oct 7, 2019 6:14am | Edited 11:18am

Ziko9o8
Joined Mar 2011 | Status: Trader | 1,525 Posts

- Still short from last week, TP1: 1.3295 & TP2: 1.3250

+ Edit: long scalp till 1.3333

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#15,366
Oct 8, 2019 6:20am Oct 8, 2019 6:20am

tatianah
Joined Sep 2015 | Status: Sniper Mode | 408 Posts

Im long on USDCAD

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#15,367
Oct 8, 2019 7:44am Oct 8, 2019 7:44am

Chicago-Greg
| Joined Apr 2018 | Status: Trader | 370 Posts

Going down like yesterday

#15,368
Edited Oct 9, 2019 3:59am Oct 8, 2019 10:36am | Edited Oct 9, 2019 3:59am

Ziko9o8
Joined Mar 2011 | Status: Trader | 1,525 Posts

- Long, TP 1.3350

- Edit: trend faded, may be to continue up we have to see 1.3300 again.

- Edit(2): watching 1.3350 to short & 1.3280 to long

- Edit(3): entered short for 1.3280

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#15,369
Edited 9:50am Oct 10, 2019 4:56am | Edited 9:50am

Ziko9o8
Joined Mar 2011 | Status: Trader | 1,525 Posts

- Bearish, chasing same old target 1.3280 if you want to join watch for 1.3308

- Edit: next target (if there is any appetite today) is 1.3260 watching 1.3290 to short SL 132935

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