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USD/CAD

  • #15,961
  • May 2, 2021 5:25pm May 2, 2021 5:25pm
Quoting creativereza
Perfect position to buy now @1.228 with short SL 1.225 and a longer TP 1.236. Hope it will make some money for us
CAD is WAY overbought in my opinion, so yeah, we're going up. The question of course is WHEN. But whenever, I expect 200 pips or so.
  • #15,962
  • May 3, 2021 5:10am May 3, 2021 5:10am
sold usdcad 1.22923
exit h1 above 1.2330
tp 1.2250
ITB - Seeing Orderliness amongst 'Randomness'
  • #15,963
  • May 3, 2021 8:58am May 3, 2021 8:58am
US Indices down USDCAD up
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  • #15,964
  • May 4, 2021 5:00am May 4, 2021 5:00am
1.24 expiry on Friday
  • #15,965
  • May 4, 2021 7:13pm May 4, 2021 7:13pm
USDCAD H1
Expecting the completion of wave b at a lower low and the reversal on wave c
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1 5May21.png Size: 113 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #15,966
  • May 4, 2021 7:17pm May 4, 2021 7:17pm
Quoting MrBanker
{quote} I don't think it will break 1.2259. It is a multi year support and DXY is looking like it is primed for a rally. I am long on UCad, targeting a break of 1.2330. Opposite views.
Exactly! My bias is also long. MM is playing with our psychology.
  • #15,967
  • May 5, 2021 10:26am May 5, 2021 10:26am
Seems UC has been bottomed.
It reached multi years support at 1.2250 and rejected.
See H1 chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 5d6ce866e3f61d5e0b934a82bb5c8a70.png Size: 22 KB
Trade to enjoy... Money is after!
  • #15,968
  • May 6, 2021 2:06am May 6, 2021 2:06am
Quoting Inthebox
sold usdcad 1.22923 exit h1 above 1.2330 tp 1.2250
result.
Attached Image (click to enlarge)
Click to Enlarge Name: 14b37fefe468d264b886b8fa4773cc47.png Size: 28 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #15,969
  • May 6, 2021 2:21am May 6, 2021 2:21am
#SPX $SPX and other #Indices \ #USDCAD $USDCAD /
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  • #15,970
  • May 6, 2021 7:28am May 6, 2021 7:28am
Why is cad so strong. Whats so special of cad. It says it will start to taper buy back bond assets but isnt that what most other govt will do, just a matter of who do first only
  • #15,971
  • May 6, 2021 7:33am May 6, 2021 7:33am
So if next time fed is more hawkish and mention want to do tapering purchase, usd will chiong and cad will crush into the bottoms? Don't really understand. Any financial or economics guru perhaps can enlighten on this? Appreciate
  • #15,972
  • May 6, 2021 7:57am May 6, 2021 7:57am
Quoting alivepool
Why is cad so strong. Whats so special of cad. It says it will start to taper buy back bond assets but isnt that what most other govt will do, just a matter of who do first only
in addition, look at the price of oil rising albeit these 2 days.
https://www.rt.com/business/522424-o...goldman-sachs/
ITB - Seeing Orderliness amongst 'Randomness'
  • #15,973
  • May 6, 2021 8:05am May 6, 2021 8:05am
Quoting alivepool
So if next time fed is more hawkish and mention want to do tapering purchase, usd will chiong and cad will crush into the bottoms? Don't really understand. Any financial or economics guru perhaps can enlighten on this? Appreciate
Good time to start buying
  • #15,974
  • May 6, 2021 8:21am May 6, 2021 8:21am
Quoting Inthebox
{quote} in addition, look at the price of oil rising albeit these 2 days. https://www.rt.com/business/522424-o...goldman-sachs/
But today oil px dipped , yet cad rallies like nobody biz
  • #15,975
  • May 6, 2021 8:49am May 6, 2021 8:49am
Quoting alivepool
{quote} But today oil px dipped , yet cad rallies like nobody biz
the trend is there, both showing same direction..
it's not a simple daily direct mirror image of price movement.
how does one know every factors involved?
the country also mines gold. gold shot up these 2 days.
go find out what it produces.
ITB - Seeing Orderliness amongst 'Randomness'
  • #15,976
  • May 6, 2021 8:51am May 6, 2021 8:51am
USDCAD Roller coaster but long term up
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  • #15,977
  • May 6, 2021 9:03am May 6, 2021 9:03am
Quoting Inthebox
{quote} the trend is there, both showing same direction.. it's not a simple daily direct mirror image of price movement. how does one know every factors involved? the country also mines gold. gold shot up these 2 days. go find out what it produces.
End of the day, everything in mkt is manipulated. They manipulate and then the economists find reasons to fill in the blank to validate each mkt move.
  • #15,978
  • May 6, 2021 9:14am May 6, 2021 9:14am
Quoting alivepool
{quote} End of the day, everything in mkt is manipulated. They manipulate and then the economists find reasons to fill in the blank to validate each mkt move.
do not be contend with that. what about market makers, the use of artificial intelligence by banks and hedge funds, also high frequency trading?
for those with at least 5 years of trading experience and survived, it's not a game anymore.
ITB - Seeing Orderliness amongst 'Randomness'
  • #15,979
  • Edited 9:25am May 6, 2021 9:14am | Edited 9:25am
On which tf? Maybe you are looking at a correction.

KP

Quoting JulienM2
USDCAD Roller coaster but long term up
Do your homework, follow the footprints of smart money
  • #15,980
  • May 6, 2021 9:38am May 6, 2021 9:38am
Quoting KeenPips
On which tf? Maybe you are looking at a correction. KP {quote}
Weekly
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