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USD/CAD

  • #15,441
  • Nov 20, 2019 7:03am Nov 20, 2019 7:03am
next plan BUY zone
Attached Image (click to enlarge)
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Beat the enemy plan before its made
  • #15,442
  • Nov 20, 2019 7:43am Nov 20, 2019 7:43am
Quoting Unbiased
USD/CAD and CAD/JPY analysis Besides our existing bearish bias on JPY pairs (bullish on JPY); today's tweet1 and tweet2...
Besides success of USD/CAD, CAD/JPY also successfully reached target.
  • #15,443
  • Edited 4:11pm Nov 20, 2019 3:18pm | Edited 4:11pm
USD/CAD analysis | Nov 20, 2019

It made a mathematically perfect 3 drive. If you measure distances, you will find that 2nd drive is precisely 161.8% of 1st retracement and 3rd drive is precisely 161.8% of 2nd retracement.

Only glitch is 2nd drive whose speed is not harmonic with 1st & 3rd drive.


ABCD expansion 127.2 coincides with top of last drive, which makes it a significant resistance. From this point, USD/CAD started falling slowly and we entered sell.


Minimum target of 3 drive pattern is to erase the last drive. Nonetheless, we are not targeting bottom of 3rd drive.


If you look at retracements, it seems that a 3rd harmonic retracement may take place. Nonetheless, we are not targeting bottom of probable 3rd retracement either.


We are just targeting FIB38.2 retracement level of last drive with SL above today's top. It fulfills our risk management criteria i.e. at least R:R::1:1 or better.

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  • #15,444
  • Nov 21, 2019 8:37am Nov 21, 2019 8:37am
USDCAD
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  • #15,445
  • Nov 21, 2019 8:52am Nov 21, 2019 8:52am
Quoting Unbiased
USD/CAD analysis | Nov 20, 2019 It made a mathematically perfect 3 drive. If you measure distances, you will find that 2nd drive is precisely 161.8% of 1st retracement and 3rd drive is precisely 161.8% of 2nd retracement. Only glitch is 2nd drive whose speed is not harmonic with 1st & 3rd drive. ABCD expansion 127.2 coincides with top of last drive, which makes it a significant resistance. From this point, USD/CAD started falling slowly and we entered sell. Minimum target of 3 drive pattern is to erase the last drive. Nonetheless, we are not targeting...
The trade has been accomplished at target TP, since BOC's Poloz as expected didn't add anything new in his speech today and stayed firm as he was last week.
  • #15,446
  • Nov 21, 2019 8:55pm Nov 21, 2019 8:55pm
Buy CAD | Nov 22, 2019

CAD may gain even more but I have, unlike last time, bought CAD against JPY instead of selling USD/CAD. To learn more and view entry, SL & TP; read full analysis.
  • #15,447
  • Nov 22, 2019 9:34am Nov 22, 2019 9:34am
Quoting mrzee90
next plan BUY zone {image}

buy low sell high..the price come to respect the zone
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Beat the enemy plan before its made
  • #15,448
  • Nov 27, 2019 3:20am Nov 27, 2019 3:20am
Quoting Unbiased
Buy CAD | Nov 22, 2019 CAD may gain even more but I have, unlike last time, bought CAD against JPY instead of selling USD/CAD. To learn more and view entry, SL & TP; read full analysis.
Trade closed: target reached
  • #15,449
  • Nov 29, 2019 8:11am Nov 29, 2019 8:11am
UC has been ranging since June, take a look at the daily, weekly is in an uptrend. This is merely the dip forming on the weekly. Anyhow it is great to make money on because you can see the top and bottom of the channel. Below is the daily chart. Hopefully this is the end of it and ready to continue uptrend.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #15,450
  • Dec 2, 2019 4:48am Dec 2, 2019 4:48am
Gooday Traders!
so far, my Daily resistance TL has been holding since the month of June .
lately price has created an ascending channel which should normally breakout downward.
Not pulling my trigger yet until price tells me where it is going.
My bias is bearish though.
this is what im seeing.
lets see!!!
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  • #15,451
  • Dec 7, 2019 11:38am Dec 7, 2019 11:38am
Will be shorting UC this next week.
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"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #15,452
  • Dec 9, 2019 8:40am Dec 9, 2019 8:40am
And it is looking good today.
Attached Image
"What the wise do in the beginning, fools do in the end."-Warren Buffet
  • #15,453
  • Dec 10, 2019 6:24pm Dec 10, 2019 6:24pm
agree it's bearish! but it's been holding on resistance levels which I believe will break. However, I don't see how far it will fall. It may very well be a small run.
  • #15,454
  • Dec 10, 2019 9:09pm Dec 10, 2019 9:09pm
The USDCAD is oscillating around the 1.3231 level where we can find the 200 day and 55 day EMAs, stuck together. To the upside, the 1.3300 level could act as resistance and the 1.3200 level as support.
  • #15,455
  • Dec 10, 2019 11:17pm Dec 10, 2019 11:17pm
bias is break down triangle.
1. daily lower high lower low
2. h4 big bullish candle not able to close above big bearish candle and stalled at resistance and 61.8 fib
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ITB - Seeing Orderliness amongst 'Randomness'
  • #15,456
  • Dec 11, 2019 2:36am Dec 11, 2019 2:36am
with usd/cad am targeting 50pips dawn risk of 13 pips as you can see the chart above , so lets see how.
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bakare
  • #15,457
  • Dec 11, 2019 6:37am Dec 11, 2019 6:37am
Quoting xfc
agree it's bearish! but it's been holding on resistance levels which I believe will break. However, I don't see how far it will fall. It may very well be a small run.
I have some doubts that it will break the resistance as it's holding the level fiercely. I also see pressure to the upside. so I closed my position. We'll see where the price action goes then get back in accordingly.
  • #15,458
  • Dec 11, 2019 7:00am Dec 11, 2019 7:00am
Quoting xfc
{quote} I have some doubts that it will break the resistance as it's holding the level fiercely. I also see pressure to the upside. so I closed my position. We'll see where the price action goes then get back in accordingly.
it may down to 3090 with stop 1.3300
let's see what will do
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good luck
  • #15,459
  • Dec 11, 2019 12:30pm Dec 11, 2019 12:30pm
i think USDCAD have some potenzial to go up at around 1.3110 area, because we have there a trendline support
  • #15,460
  • Dec 11, 2019 8:12pm Dec 11, 2019 8:12pm
Quoting Inthebox
bias is break down triangle. 1. daily lower high lower low 2. h4 big bullish candle not able to close above big bearish candle and stalled at resistance and 61.8 fib {image}
took profit
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ITB - Seeing Orderliness amongst 'Randomness'
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