USD/CAD Trading Room

i am long.. sl few pips under yesterdays low

I'm with you Shahab. Just went long 4 mini's at .0555. I see some downside risk, but not too much.

Hello Traders!

Here is my USD/CAD analysis:

USD/CAD WEEK

http://www.2targetsmethod.com/images...9/image007.jpg

Since last week the situation has not changed. It is a downtrend, the price is getting ready to attack a weak reversal level 1/8 once again. On the way to the target there is a strong reversal level 0/8. There is a high probability of a reversal or a strong retracement of the trend from level 0/8.

USD/CAD DAY
http://www.2targetsmethod.com/images...9/image008.jpg

Since last week the situation has not changed. A downtrend. The price moves in the trading range and therefore may linger there (a flat has started). On the way to the target there is strong level 0/8 which is significant on weekly template. The price has almost exceeded the time frames, and for the further analysis we need to reconstruct the template using new extremes.

USD/CAD 240
http://www.2targetsmethod.com/images...9/image009.jpg

We see a downtrend. The price is in the trading range, a flat is possible. On the way to the target T1 there are no strong levels from senior time frames. The price may easily reach target T1 after hitting p.4 down and reaching the lower trading range.

From the four hourly.

Any go long?

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Candle Kroll Stop

.

trend reversal !!!!
visible on daily charts

Guess this thread is a little sleepy.

Anyway I will start posting my trades here from tomorrow. They are based on a system I am developing.

Trade taken yesterday:

SELL @ 1.0323

Please do not take positions based on my system as I am still in testing phase.

Bought at current price 1.0224
I wanted to buy at 1.02, but I'm not sure it will get there!
ALL EYES ON 1.02

okay.

Trust me, it WILL. There's an option barrier down there.
The big dogs are already lickin' their chops!

me 2 simply Double bottom on daily at strong support, buy 1.0230
http://www.forexfactory.com/showthre...12#post3367212

For what it's worth, my view is, usd/cad traced back to where it broke out, which is now support

Well , as long as it doesn't go too far under.

Do you have a link to this option info?

long 1.0254
target 1.0518

Buy Area !

Bought USD/CAD @ 1.0639 TP: 1.0705

I have taken this trade based on a strategy I am testing.

1.0639 is resistance for uptrend on the weekly charts(according to my analysis, not confirmed) I will keep a close eye on PA from here till NY session end. SL: 1.0592

How comes you never trust an indicator

i use alot

fib retrace aswell is that what you use

do you use heat maps too?

cad is week on everything so far sell this dollar id say