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USD/CAD

  • #15,881
  • Jan 13, 2021 11:53pm Jan 13, 2021 11:53pm
Nice shape on 4 hr for short

Must wait for short timeframes to line up
Attached Image (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #15,882
  • Edited 12:58am Jan 14, 2021 12:15am | Edited 12:58am
Quoting Theoak
Nice shape on 4 hr for short Must wait for short timeframes to line up {image}
Taken the short not the greatest set-up has the previous lows are providing resistance. Will cut this one if there is too much bonce

In at 1.2682 target 1.2673

- 7.5 pip loss too much stops off previous lows
Attached Image(s) (click to enlarge)
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Don't trade what you think. Just what you see!!!
  • #15,883
  • Jan 14, 2021 11:39am Jan 14, 2021 11:39am
Quoting tehnoob
UCAD finally got me out of all shorts. I am now long into early April 2021 My price movement projections in the chart below {image}
Lol you good ? This is why you don’t ignore fundamentals
Master your mind. Master Trading.
  • #15,884
  • Jan 14, 2021 3:56pm Jan 14, 2021 3:56pm
Quoting KareemAliFx
I wanna watch usd/cad burn!
With the feds coming out and not pulling back any asset purchasing and still long from targeting inflation target and Biden introducing a trillion dollar economic package to a democratic controlled senate as well expected rise of oil prices due to oil demand recovery sparking CAD buy interest. This seems good to hold for now, though any hawkish remarks coming from the feds in the future will change the picture so for now I expect to hold these trades for months
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Master your mind. Master Trading.
  • #15,885
  • Jan 17, 2021 6:19pm Jan 17, 2021 6:19pm
Quoting KareemAliFx
{quote} With the feds coming out and not pulling back any asset purchasing and still long from targeting inflation target and Biden introducing a trillion dollar economic package to a democratic controlled senate as well expected rise of oil prices due to oil demand recovery sparking CAD buy interest. This seems good to hold for now, though any hawkish remarks coming from the feds in the future will change the picture so for now I expect to hold these trades for months {image}
Negative CAD news as Biden is going to cancel keystone pipeline permit upside could be seen
Master your mind. Master Trading.
  • #15,886
  • Jan 20, 2021 10:30pm Jan 20, 2021 10:30pm
ABCD pattern

AB=C (78.6)

AB=CD Reciprocal Ratios (78.6) = D= (1.27) PRZ

USD/CAD


keen Eye on PRZ
Attached Image (click to enlarge)
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We cannot direct the winds but we can adjust our sail.
  • #15,887
  • Jan 20, 2021 11:21pm Jan 20, 2021 11:21pm
I really Don't know right now what's going on right here. I am trying to get into the CAD Market and I have seen other Markets Create a pattern like this and the price move all the way up to within 1 point of the LOW/High of the start of the pattern and then reverse after screwing around after the pattern was initiated ? Does this market do the same thing ? Because I see a mid target hit and a new low being flirted with and I am at a loss so to say regarding USD/CAD know how. I am impressed with the trading conditions and point movements vs other market with which are highly coveted and this seem much more attractive.
IMHO, Thank you all in advance.
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,888
  • Jan 21, 2021 6:48am Jan 21, 2021 6:48am
take a long s/l 20 pip
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1.png Size: 16 KB
  • #15,889
  • Jan 21, 2021 7:47am Jan 21, 2021 7:47am
Quoting tetis
take a long s/l 20 pip {image}
stopped!
  • #15,890
  • Jan 21, 2021 1:21pm Jan 21, 2021 1:21pm
This Pair is fundamentally going towards 1.25 and possibly lower from here. The CAD is getting stronger compared to the USD with all the spending happening and the outlook given by both Central Banks. USD$ weakness is here for the meantime

For longer term trades, short on swings at tops.
  • #15,891
  • Jan 21, 2021 1:29pm Jan 21, 2021 1:29pm
Yes, Thank you, I hope to be a part of the CAD market more and more as I invest my attention. It is very helpful to participate here. I am getting to the point of trusting my new understanding of my POC indicator and its target. For example, I had no clues this would happen on my chart today.
Attached Image (click to enlarge)
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Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,892
  • Jan 25, 2021 10:32am Jan 25, 2021 10:32am
Perfect short USD/CAD
Attached Image (click to enlarge)
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It's a big game.
  • #15,893
  • Jan 25, 2021 11:03am Jan 25, 2021 11:03am
Looks like bears want 1.253X
  • #15,894
  • Jan 28, 2021 11:29am Jan 28, 2021 11:29am
Quoting Vincent1
Looks like bears want 1.253X
Since 1.2780 has been broken, will be hard do get a new low. At moment possible test around 1.263x, nice level to buy.
  • #15,895
  • Feb 2, 2021 6:21am Feb 2, 2021 6:21am
Gold should find support around 1840ish and rally. We would then expect a weaker dollar and eur/usd should rise and I would expect USD/CAD USD/NOK in particular to turn very bearish to reflect the recent oil jump.
1.2765 next stop USD/CAD
It's a big game.
  • #15,896
  • Feb 4, 2021 9:06am Feb 4, 2021 9:06am
Quoting tehnoob
UCAD finally got me out of all shorts. I am now long into early April 2021 My price movement projections in the chart below {image}
Hello everyone!

Well, it's been almost 4 weeks since my last post here on 11th Jan, so here's my updated position on UCAD, along with updated bias.

I am still long, having built a bunch of longs at around 1.2700, but I no longer aim for 1.3500. Instead,
I am targeting around 1.2960, before a move down to 1.22-1.23, followed by a big rise. In any case, I remain long for now.

Yes, this means I expect Crude oil to keep rising for a bit more, until a big top. I have been building shorts there since Jan.

Any comments welcome
Attached Image (click to enlarge)
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  • #15,897
  • Feb 4, 2021 9:11am Feb 4, 2021 9:11am
Quoting KareemAliFx
{quote} Lol you good ? This is why you don’t ignore fundamentals
Yes, thank you.

Sorry to see your shorts, which you expected to "hold for months" got taken out , the 1st the day after your post and the second one about 15 days later. But these things happen.

Not sure what your notion of "fundamentals" is. My pufferfish is a trained economist, has worked in banking and consulting for a couple decades and has been trading for about as long, so I'd like to think he has developed his own sense of fundamentals, which I have to trust. In any case, I wish you the best in your fundamental trading. Let the money flow!
  • #15,898
  • Feb 5, 2021 2:39pm Feb 5, 2021 2:39pm
Fifty Color Templates

https://www.forexfactory.com/thread/...3#post13394423
Enjoy it while it lasts, then pay for it. Be Grateful.
  • #15,900
  • Feb 8, 2021 1:19am Feb 8, 2021 1:19am
checking my pa drawn in the past , pa at some support weekly over 1.26933 but not any better than 1.22289 and likely another bounce over any . may retest 25852 before decision hold the first or break down to test the next . take care , fontu
Attached Image(s) (click to enlarge)
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Not understand?better not follow my analyses!doubt clearer first, risks ++
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