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USD/CAD

  • #16,261
  • Jun 7, 2021 8:02pm Jun 7, 2021 8:02pm
Quoting Inthebox
maybe ...... just maybe. {image}
confluence zone of:
test of the back of broken trend line
rn 1.2050 support
hh hl formed
61.8 fib
reaction to quasimodo pattern
Attached Image (click to enlarge)
Click to Enlarge Name: d58278830afdbc7f49381a0a2e6116ac.png Size: 19 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,262
  • Jun 7, 2021 9:28pm Jun 7, 2021 9:28pm
I long @ 1.2084 TP 10 pips only 1.2094, next 1.2103
Hope everyone gets green pips
  • #16,263
  • Jun 7, 2021 11:00pm Jun 7, 2021 11:00pm
Quoting anubieonly
I long @ 1.2084 TP 10 pips only 1.2094, next 1.2103
hope the h1 pin will bring you there. also each individual h4 candle has hh hl since the start of momentum candle.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,264
  • Jun 8, 2021 1:27am Jun 8, 2021 1:27am
hit TP1 1.2094, small money only I still see the big trend is down, still waiting second order hit tp or sl. today I think still sideway, might be tomorrow hope a high volatility on ucad there is a news from boc about rate statement.
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.JPG Size: 188 KB
Hope everyone gets green pips
  • #16,265
  • Jun 8, 2021 7:18am Jun 8, 2021 7:18am
Quoting anubieonly
hit TP1 1.2094, small money only I still see the big trend is down, still waiting second order hit tp or sl. today I think still sideway, might be tomorrow hope a high volatility on ucad there is a news from boc about rate statement. {image}
So u waiting for a big move down?
  • #16,266
  • Jun 8, 2021 7:19am Jun 8, 2021 7:19am
whole day 28 pips range.
h4 pin move it.
typical slow move up (compression) and drop, barring news.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,267
  • Jun 8, 2021 8:32am Jun 8, 2021 8:32am
Quoting Inthebox
whole day 28 pips range. h4 pin move it. typical slow move up (compression) and drop, barring news.
tomorrow we may see reversal,
i'm still convinced that this pair needs 500-600 pips going to the upside.
  • #16,268
  • Jun 8, 2021 8:59am Jun 8, 2021 8:59am
Quoting hans91
{quote} tomorrow we may see reversal, i'm still convinced that this pair needs 500-600 pips going to the upside.
maybe ....... if cad rate drops, but not 500 pips.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,269
  • Jun 8, 2021 9:02am Jun 8, 2021 9:02am
Quoting Inthebox
{quote} maybe ....... if cad rate drops, but not 500 pips.
500 pips not in one day, it will drop slowly but sure incoming weeks will go there.
maximum to the upside i think is just 100 pips more for tomorrow.
  • #16,270
  • Jun 8, 2021 9:35am Jun 8, 2021 9:35am
Quoting hans91
{quote} 500 pips not in one day, it will drop slowly but sure incoming weeks will go there. maximum to the upside i think is just 100 pips more for tomorrow.
average daily atr is 65 pips.
to reach 500 pips, price must prove itself to break all above resistances.
other than positive usd news, unless commodities like oil and gold sustaining no demand.
Attached Image (click to enlarge)
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ITB - Seeing Orderliness amongst 'Randomness'
  • #16,271
  • Jun 8, 2021 9:41am Jun 8, 2021 9:41am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM30 (2).png Size: 20 KB
We cut the winners short and let the losers run.
  • #16,272
  • Jun 8, 2021 9:51am Jun 8, 2021 9:51am
Quoting Inthebox
maybe ...... just maybe. {image}
https://www.forexfactory.com/thread/...0#post13572490

tp. trades based on quasimodo pattern.
my guess if there is cad positive news.
good night.
Attached Image (click to enlarge)
Click to Enlarge Name: f77d217db7bac41d89ded009219210c2.png Size: 30 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,273
  • Jun 8, 2021 10:02am Jun 8, 2021 10:02am
Quoting hans91
{quote} tomorrow we may see reversal, i'm still convinced that this pair needs 500-600 pips going to the upside.
You can hope max 125 pips, even this scenario would be surprising

The pair is oversold but there's no signal to go upside, will retest its low.

Be careful
Let the market decide
  • #16,274
  • Jun 8, 2021 10:05am Jun 8, 2021 10:05am
1.2175 can be the max
Let the market decide
  • #16,275
  • Jun 8, 2021 10:11am Jun 8, 2021 10:11am
Quoting MondumaFx
1.2175 can be the max
USDCAD can go towards 1.25, 1.30, even 1.35...selling now is suicidal, unless its scalping for a few pips. But longterm...this is one of those buys, which can be done and left alone. Then checked in 6 months, by november or december, with a SL somewhere below 1.20, or no SL and proper money management.
Everyone can see the chart, but only a few can actually read it.
  • #16,276
  • Jun 8, 2021 10:27am Jun 8, 2021 10:27am
all my ucad long orders hit tp on 1.21, I put sell limit orders around 1.212 and 1.213, let see tomorrow

Quoting Inthebox
{quote} https://www.forexfactory.com/thread/...0#post13572490 tp. trades based on quasimodo pattern. my guess if there is cad positive news. good night.
seems a good guidance for me, I am still learning about quasimodo

Quoting alivepool
{quote} So u waiting for a big move down?
For me it is still in downtrend, but I am ready also for long if this pair can break up the downtrend channel, prob tomorrow news will make a big move
Hope everyone gets green pips
  • #16,277
  • Jun 8, 2021 11:28pm Jun 8, 2021 11:28pm
Quoting Inthebox
{quote} https://www.forexfactory.com/thread/...0#post13572490 tp. trades based on quasimodo pattern. my guess if there is cad positive news. good night. {image}
Seems like uc cant go up further. Now is waiting to big plunge maybe
  • #16,278
  • Jun 8, 2021 11:39pm Jun 8, 2021 11:39pm
horted it layer on @1.2106 to 1.2115 tp to 1.209, 1.208
Attached Image
Hope everyone gets green pips
  • #16,279
  • Jun 8, 2021 11:41pm Jun 8, 2021 11:41pm
tomorrow usd cpi news could be a big mover also for major pairs
Hope everyone gets green pips
  • #16,280
  • Jun 9, 2021 12:47am Jun 9, 2021 12:47am
Quoting anubieonly
tomorrow usd cpi news could be a big mover also for major pairs
this US inflation thing really perplex me.
supposed an increase to be good for currency but the last 2 months proved otherwise.
then you have the unemployment claim. too many factors to take into consideration.
it is better to wait and see price reaction to the news, sometimes even up to 2 hours after announcement.
ITB - Seeing Orderliness amongst 'Randomness'
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