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USD/CAD

  • #16,321
  • Jun 11, 2021 9:42am Jun 11, 2021 9:42am
i think will be a triple top.
Attached Image (click to enlarge)
Click to Enlarge Name: 21eceba790780b32a67400907402bab4.png Size: 11 KB
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,322
  • Jun 11, 2021 10:56am Jun 11, 2021 10:56am
Can these be the start of the correction?
  • #16,323
  • Jun 11, 2021 11:09am Jun 11, 2021 11:09am
Quoting jinsen
Can these be the start of the correction?
maybe. but i am not convinced until 1.22 taken out.
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,324
  • Jun 11, 2021 6:55pm Jun 11, 2021 6:55pm
Quoting Inthebox
i think will be a triple top. {image}
Triple Top at the end of a huge downtrend?

At least draw a line for Double Bottom

MAY THE TREND BE WITH YOU
  • #16,325
  • Jun 11, 2021 7:28pm Jun 11, 2021 7:28pm
Long towards 1.24
  • #16,326
  • Jun 11, 2021 7:50pm Jun 11, 2021 7:50pm
Quoting Erebus
{quote} Triple Top at the end of a huge downtrend? At least draw a line for Double Bottom
Yeah, if this does anything dramatic it's gonna be a huge UP move.
  • #16,327
  • Jun 11, 2021 8:31pm Jun 11, 2021 8:31pm
Quoting Ratmach
{quote} Yeah, if this does anything dramatic it's gonna be a huge UP move.
Well, nobody knows, and there has to be a fundamental shift in either or both countries economic situation or policy

Or least that is my basic understanding of major trend changes

If it was driven purely by the numbers, we would all be rich

I see that shift in the USD and more importantly, agreement with the majors' pairs

How long it lasts, nobody knows, but worth keeping both eyes on

Attached Image


The reason I wasn't on the USDCAD is that I was chasing the opposite NZDUSD

https://www.forexfactory.com/thread/...8#post13579758
MAY THE TREND BE WITH YOU
  • #16,328
  • Jun 11, 2021 10:21pm Jun 11, 2021 10:21pm
Quoting Erebus
{quote} Well, nobody knows, and there has to be a fundamental shift in either or both countries economic situation or policy Or least that is my basic understanding of major trend changes If it was driven purely by the numbers, we would all be rich I see that shift in the USD and more importantly, agreement with the majors' pairs How long it lasts, nobody knows, but worth keeping both eyes on {image} The reason I wasn't on the USDCAD is that I was chasing the opposite NZDUSD https://www.forexfactory.com/thread/...8#post13579758...
Sorry but i am abit slow to catch what u mean. So u are saying usdcad is likely going up or down
  • #16,329
  • Jun 12, 2021 12:56am Jun 12, 2021 12:56am
Quoting Erebus
{quote} Triple Top at the end of a huge downtrend? At least draw a line for Double Bottom
only time will tell.
still a range for me.
a resistance around 1.22.
could be a faky, who knows?
ITB - Seeing Orderliness amongst 'Randomness'
  • #16,330
  • Jun 12, 2021 3:20am Jun 12, 2021 3:20am
Quoting alivepool
{quote} Sorry but i am abit slow to catch what u mean. So u are saying usdcad is likely going up or down
Okay, once again, just for you, very slowly...

N O B O D Y K N O W S

Did you catch it that time? Go back and read my post, even though you quoted it, doesn't look like you read it,

Or as you said yourself, you are a bit slow...

Probably stirring me up, no problem

And then I said it would take a fundamental shift to shift the price direction

What is happening next week? Let's take a look, not me saying anything...

Attached Image
MAY THE TREND BE WITH YOU
  • #16,331
  • Jun 12, 2021 4:03am Jun 12, 2021 4:03am
Even if it move to 1.24 or 1.25. it doesn't have to have any fundamental. We all know it's will correct but doesn't know when ....we all be rich then
  • #16,332
  • Jun 14, 2021 8:47am Jun 14, 2021 8:47am
I shorted today with just based on oil chart which fly to 71.7 and prepare to cut if break last friday high, lucky me, even cad news was bad it still difficult for ucad to fly
Hope everyone gets green pips
  • #16,333
  • Jun 15, 2021 12:13am Jun 15, 2021 12:13am
Quoting anubieonly
I shorted today with just based on oil chart which fly to 71.7 and prepare to cut if break last friday high, lucky me, even cad news was bad it still difficult for ucad to fly
This oil is conspiracy and manipulated for sure. Because oil producers cannot produce more, they push up the mkt to make up for it.
  • #16,334
  • Jun 15, 2021 1:14am Jun 15, 2021 1:14am
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD Shorts aare winning.PNG Size: 13 KB

Some retail shorts are ever slightly in profit at the moment, expecting USDCAD to move upwards this week especially on news events...
  • #16,335
  • Jun 15, 2021 1:30am Jun 15, 2021 1:30am
Quoting Lifestudent3
{image} Some retail shorts are ever slightly in profit at the moment, expecting USDCAD to move upwards this week especially on news events...
yes you are right, I only got around 20 pips yesterday for each orders, I have got huge pips by shorting this pair since last year, today also I plan to short in high again might be after news, but yeah the shorter should be carefull now since ucad is trying to form up candle formation with w bottom on D1
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.JPG Size: 24 KB
Hope everyone gets green pips
  • #16,336
  • Jun 15, 2021 1:59am Jun 15, 2021 1:59am
Hi, last week I told the limit would be 1.2175 (but would cause a surprise for me), it reaches it. But my scenario was a return to test low. I waited for confirmation and at this point I think 1.2175 will be retested instead and if holds over, that can confirm a new direction. Be careful
Let the market decide
  • #16,337
  • Jun 15, 2021 6:25am Jun 15, 2021 6:25am
WTI dropping below $67 and weak CAD news will wipe out a lot of shorts
  • #16,338
  • Jun 15, 2021 8:19am Jun 15, 2021 8:19am
Quoting Torzone
WTI dropping below $67 and weak CAD news will wipe out a lot of shorts
It is ok, if it going up will look for long, actually it is forming uptrend formation with hl and hh on daily, tomorrow fomc I think will be high volatility on all major pair, but I guess the Fed will make a dissapointing decision which could lower usd but I might be wrong
Hope everyone gets green pips
  • #16,339
  • Jun 15, 2021 5:56pm Jun 15, 2021 5:56pm
Next step 1.222x but with the FOMC tomorrow, won't be comfortable to hold. Uptrend not yet confirmed of course, it's raise may fail tomorrow.
Let the market decide
  • #16,340
  • Jun 16, 2021 10:10am Jun 16, 2021 10:10am
Scenario to see it 1.2138 is possible, USDCAD doesn't hold over 1.2175, risky level, I avoid to trade it before FOMC
Let the market decide
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