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USDCAD trend reversal?

  • #1,141
  • Jun 27, 2007 5:19am Jun 27, 2007 5:19am
Quoting bravado
if i helped you any, i assure you it was purely by accident. -bravado

what others say about me:
impressive analysis. one of the best that i've ever read. -pino2
you are forex god. -cesarnc
brilliant. -Gmak
you're the perfect trader. -DutchTrader
You might want to add to the list:

Man, you truly are bored - WTB
  • #1,142
  • Jun 27, 2007 5:40am Jun 27, 2007 5:40am
Quoting WTB
You might want to add to the list:

Man, you truly are bored - WTB
  • #1,143
  • Jun 27, 2007 5:51am Jun 27, 2007 5:51am
market, what can you say about the point 1.0641 for buy limits?
  • #1,144
  • Jun 27, 2007 6:10am Jun 27, 2007 6:10am
Quoting WTB
You might want to add to the list:

Man, you truly are bored - WTB
good idea.
BAM BAM BOOM! -bravado
  • #1,145
  • Jun 27, 2007 6:14am Jun 27, 2007 6:14am
HAHA!
  • #1,146
  • Jun 27, 2007 6:27am Jun 27, 2007 6:27am
Buy the dips ?

Buying .86 and below
"Millionaires don't use astrology, billionaires do"
  • #1,147
  • Jun 27, 2007 6:35am Jun 27, 2007 6:35am
Quoting OrionsWay
Buy the dips ?
Buying the dips (or selling the pullbacks) works in trending markets. Are you sure USDCAD is clearly trending as of lately?
  • #1,148
  • Jun 27, 2007 6:35am Jun 27, 2007 6:35am
Quoting OrionsWay
Buy the dips ?

Buying .86 and below
looking for lower levels here myself.

but you think it'll break up eventually? you are buying.
BAM BAM BOOM! -bravado
  • #1,149
  • Jun 27, 2007 6:37am Jun 27, 2007 6:37am
Yep im buying bottom is in place near term my opinion cad will be range bound for months, with the top of range not yet defined. i think 1.10-1.13
"Millionaires don't use astrology, billionaires do"
  • #1,150
  • Jun 27, 2007 6:40am Jun 27, 2007 6:40am
Quoting OrionsWay
Yep im buying bottom is in place near term my opinion cad will be range bound for months, with the top of range not yet defined. i think 1.10-1.13
ok. i think i'll go with your idea then, but around 60 if it gets there.
BAM BAM BOOM! -bravado
  • #1,151
  • Jun 27, 2007 6:43am Jun 27, 2007 6:43am
I think that only reasonable buy stands at 655
  • #1,152
  • Jun 27, 2007 6:45am Jun 27, 2007 6:45am
Quoting ratman
I think that only reasonable buy stands at 655

Yep i agree ratman, this is being bought and lower channel is great buy, will be buying there also
"Millionaires don't use astrology, billionaires do"
  • #1,153
  • Jun 27, 2007 8:09am Jun 27, 2007 8:09am
Quoting Serega
market, what can you say about the point 1.0641 for buy limits?
all this funny mental business ......is just funnies as more fun nie s

Here is what appears to be going on this morning's Chart
- there is alot of resitance at 0730 ,

So looking to go long above there could be important !

Right now price action is looking a little more Bullish .................

SWe had a little fake-out to the downside yesterday when price broke this
multiple support line of this ascending triangle formation


( See this chart below )
Attached Image (click to enlarge)
Click to Enlarge Name: CAD-6-27-2007-#1.jpg Size: 58 KB
  • #1,154
  • Jun 27, 2007 8:12am Jun 27, 2007 8:12am
im bullish - 1.30 pm US $ news was very bad - USD/CAD reacted by moving up 20 pips. Market sentiment is bullish I think
  • #1,155
  • Jun 27, 2007 8:16am Jun 27, 2007 8:16am
Orions Way its time to check those 1/2 bars again ......


Look for Gartley which is the same as a type 1 trade setup in you charts
please post an update

and do not do it on the scanner -
again you will not find it oif you look for it on the scanner

you have a grerat softeware there , but the problem is you cant
rely on the scanner for setups you must train your eyes to see
the patterns themselves over time ........

So do it manually ....( click on all 5 points ) and you will see the projections !

post the charts with the white backround as in your last chart post

thanx alot .... i will commrent then ....
  • #1,156
  • Jun 27, 2007 8:16am Jun 27, 2007 8:16am
Looks like i missed my addhttp://www.forexfactory.com/images/icons/icon9.gif
"Millionaires don't use astrology, billionaires do"
  • #1,157
  • Jun 27, 2007 8:16am Jun 27, 2007 8:16am
Quoting el_duende
im bullish - 1.30 pm US $ news was very bad - USD/CAD reacted by moving up 20 pips. Market sentiment is bullish I think
There were some revisions in the other direction though.
  • #1,158
  • Jun 27, 2007 8:21am Jun 27, 2007 8:21am
pg-2....................
  • #1,159
  • Jun 27, 2007 8:52am Jun 27, 2007 8:52am
well...market broke out of the triangle...only to move into a trading range !! ...well well...looks like the true breakout is yet to come...
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad NR4ID.jpg Size: 66 KB
  • #1,160
  • Jun 27, 2007 8:55am Jun 27, 2007 8:55am
Quoting peter100
well...market broke out of the triangle...only to move into a trading range !! ...well well...looks like the true breakout is yet to come...
agreed.

not liking the action here at all.
BAM BAM BOOM! -bravado
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