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USDCAD trend reversal?

  • #4,101
  • Jun 29, 2011 9:09pm Jun 29, 2011 9:09pm
Quote
Little to early...or..?

SL... -22
Trader from Croatia
  • #4,102
  • Jun 30, 2011 5:46am Jun 30, 2011 5:46am
Reaching bottom for UC @ 0.9646??

It's about time!!

S
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  • #4,103
  • Jun 30, 2011 1:59pm Jun 30, 2011 1:59pm
could be a broadening top pattern, if it's valid it should explode to the upside


http://www.ps.wol-clan.de/img/picshare_1309467341.png
  • #4,104
  • Jun 30, 2011 4:17pm Jun 30, 2011 4:17pm
Quoting torkay77
could be a broadening top pattern, if it's valid it should explode to the upside


http://www.ps.wol-clan.de/img/picshare_1309467341.png
It better be valid, I'm getting kind of impatient with my longs, but still hanging in there. With a 12% drawdown!!!
Waiting for the right moment to put in some more.
Shamu
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  • #4,105
  • Jun 30, 2011 7:18pm Jun 30, 2011 7:18pm
Quoting KillerWhale
It better be valid, I'm getting kind of impatient with my longs, but still hanging in there. With a 12% drawdown!!!
Waiting for the right moment to put in some more.
Shamu
patience my friend
  • #4,106
  • Jun 30, 2011 11:49pm Jun 30, 2011 11:49pm
Daily Pivots: (S1) 0.9650; (P) 0.9737; (R1)0.9785
  • #4,107
  • Jun 30, 2011 11:50pm Jun 30, 2011 11:50pm
Intraday bias remains on the downside with 0.9714 minor resistance intact. Rebound from 0.9444 low should have completed at 0.9912 already. Further decline is now expected to retest 0.9444 low next.
  • #4,108
  • Jun 30, 2011 11:53pm Jun 30, 2011 11:53pm
On the upside, above 0.9714 minor resistance will turn bias neutral and bring consolidations. But recovery should bel limited below 0.9912 resistance and bring fall resumption.
  • #4,109
  • Jun 30, 2011 11:58pm Jun 30, 2011 11:58pm
Quoting Julian_Ass
On the upside, above 0.9714 minor resistance will turn bias neutral and bring consolidations. But recovery should bel limited below 0.9912 resistance and bring fall resumption.

Thanks 'ActionForex' !
  • #4,110
  • Edited 1:12am Jul 1, 2011 1:00am | Edited 1:12am
Quoting Julian_Ass
Intraday bias remains on the downside with 0.9714 minor resistance intact. Rebound from 0.9444 low should have completed at 0.9912 already. Further decline is now expected to retest 0.9444 low next.
Just like that? Another 260 pips without any retrace? It might get there, but in just a few days seems highly unlikely to me.
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  • #4,111
  • Jul 1, 2011 2:46am Jul 1, 2011 2:46am
right?
Attached Image (click to enlarge)
Click to Enlarge Name: hs pattern.jpg Size: 121 KB
Enter Signature
  • #4,112
  • Jul 1, 2011 4:38am Jul 1, 2011 4:38am
It's hard to believe, but I would almost say that I see some divergence on the 1 hr MACD for USD/CASD
Now all we need is a disaster in the stock market like Dow Jones losing all the gain from the last 4 days and UC will fly up.
And I'll be flying with it.

Shamu
Attached Image (click to enlarge)
Click to Enlarge Name: uc 1hr 07-01-11.gif Size: 39 KB
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  • #4,113
  • Jul 1, 2011 8:36am Jul 1, 2011 8:36am
what it's doing? go up - not down
i get red pips
  • #4,114
  • Jul 1, 2011 8:42am Jul 1, 2011 8:42am
Quoting torkay77
what it's doing? go up - not down
i get red pips
Heading south..9550..
Trader from Croatia
  • #4,115
  • Jul 1, 2011 9:00am Jul 1, 2011 9:00am
i would at least expect some profit taking ...it's long holiday weekend
  • #4,116
  • Jul 1, 2011 12:05pm Jul 1, 2011 12:05pm
did the canadian gov't intervene?
Don't be fooled by randomness
  • #4,117
  • Jul 1, 2011 1:38pm Jul 1, 2011 1:38pm
5 days down in a row, 330 pips = biggest weekly candle since july 2010

but next week there should be some kind of retracements at least so i can get my lost pips back
  • #4,118
  • Jul 1, 2011 5:42pm Jul 1, 2011 5:42pm
Quoting Julian_Ass
Intraday bias remains on the downside with 0.9714 minor resistance intact. Rebound from 0.9444 low should have completed at 0.9912 already. Further decline is now expected to retest 0.9444 low next.
A tip for you Julian,

If you copy your vision on a pair word for word from a professional website where they discuss their vision on a pair (in this case "Action Forex"), please be so courteous to mention the source.
At least then we all know that it is not your comment, it's just a comment that you copied. I don't know why you do this (not mentioning the source), is it to look professional in other traders eyes?
Do you actually understand what they are saying?

Shamu
New voice message: Why are you calling me? If I need you, I'll call you!
  • #4,119
  • Jul 1, 2011 5:52pm Jul 1, 2011 5:52pm
Quoting torkay77
5 days down in a row, 330 pips = biggest weekly candle since july 2010

but next week there should be some kind of retracements at least so i can get my lost pips back
Of course most likely there will be a nice retracement. We should have had the retracement today, it started and was on its way an hour before ISM Manufactoring PSI came out with a surprising 55.3 compared to a forecast of 51.9. This sent the US stock market soring which led to a weak dollar.

Shamu
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  • #4,120
  • Jul 2, 2011 12:51am Jul 2, 2011 12:51am
http://lcchong.files.wordpress.com/2...ng?w=877&h=398

http://lcchong.files.wordpress.com/2...ng?w=877&h=397

http://lcchong.files.wordpress.com/2...ng?w=877&h=397
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