Attachments: USD/CAD

USD/CAD

#17,041
Mar 20, 2023 12:55am Mar 20, 2023 12:55am

Ayax.TSS
Joined Apr 2019 | Status: Trader | 3,132 Posts

#USDCAD / Daily

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#17,042
Mar 23, 2023 10:21pm Mar 23, 2023 10:21pm

eruc
Joined Dec 2013 | Status: Trader | 82 Posts

Quoting eruc

Disliked

{image}

Ignored

"slight" adjustment

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where are we? we are here. where are we going? ...

#17,043
Mar 24, 2023 12:33am Mar 24, 2023 12:33am

jag1969
| Joined Sep 2017 | Status: Trader | 179 Posts

Short from1.3720. Without TP. Waiting to close below 1.3632. If the price moves up, I'll close the trade above 1.3735.

#17,044
Mar 24, 2023 1:12am Mar 24, 2023 1:12am

jag1969
| Joined Sep 2017 | Status: Trader | 179 Posts

Short position closed at 1.3741. (-21 pips). Long position opened from that price.

#17,045
Mar 24, 2023 7:31am Mar 24, 2023 7:31am

jag1969
| Joined Sep 2017 | Status: Trader | 179 Posts

Position closed at.1.3779 (+33 pips). My week has ended.😁. Enjoy weekend!

#17,046
Mar 24, 2023 1:47pm Mar 24, 2023 1:47pm

Orly
| Joined Nov 2012 | Status: Trader | 415 Posts

USDCAD has completed a Mesa Formation on the Weekly chart and has broken to the downside. A return to the 1.29-1.27 levels should be considered a very strong possibility.

#17,047
Mar 24, 2023 1:55pm Mar 24, 2023 1:55pm

Erebus
Joined Jul 2011 | Status: Gold Again | 10,612 Posts

Quoting Orly

Disliked

USDCAD has completed a Mesa Formation on the Weekly chart and has broken to the downside. A return to the 1.29-1.27 levels should be considered a very strong possibility.

Ignored

A chart would be nice, as I have never heard of or seen the Mesa Formation.

Any available information will be appreciated, thanks.

Have a nice weekend

It takes a lot for me to IGNORE you, but you can try.

#17,048
Mar 24, 2023 8:47pm Mar 24, 2023 8:47pm

Orly
| Joined Nov 2012 | Status: Trader | 415 Posts

Sure. Mesa just means "table" in Spanish. In a Mesa, there comes a top, some sideways action that can look a number of ways, and then a return to the other "leg" of the table.

USDJPY can be seen going straight across, like a true table. Other patterns look like Batman or have a nice fat belly. This one kind of has a cup-with-handle inside of it, too.
Either way, it is a good possibility that the chart will make the right-hand "leg" of the table in the future months.
That doesn't mean it will happen. It's just a possibility.

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