USD/CAD

- USDCAD M15:

- Targeting 1.024

- Have a nice weekend.

@me sa245. I hope u sold.

- Cheers

Still short.
Looking at possible classic Gartley pattern AB=CD

Loaded long @1.0267 with Stop loss 1.0240 amd profit level 1.0350. will cash some profit half way hopefully

UP +90pips and my 4 positions still open
TP 1.0180
I am being conservative going to 38 Feb retrace

Hello all,
the Dollar Index is the King and it's good to analyze where/when it could top-out. This is my latest analysis for it, which could be useful to trade all the major currencies trading against USD.

The Dollar Index could be very close to a reversal. On the daily chart, the sequence of measured moves higher, which was currently trading in extensions long, failed with price moving below 82 (I had indicated that level in the free weekly Newsletter). That failure, along with the traditional long that offered support yesterday and today (see scenario 1 below) is pointing to highs at 82.78-85 or slightly higher.

http://www.forexfactory.com/attachme...1&d=1362580767

Following are the two scenarios I was able to identify. I think the second scenario has less probability to take place:

Scenario 1. After failing the sequence of measured moves higher, with price moving below the 82 level, the Dollar Index found support in the same area. The 81.90 level held indicating a target in the 82.78 level. This is very close to the 82.84 first target of the failed extension long (Busted setup pattern). So I anticipate price moving into the 82.70-90 and then a swift move lower due to profit taking.

Scenario 2. There is still a possibility for price to continue higher, but that would mean that the Euro-Dollar could not find participation at the 1.2900 area.

Let me know your thoughts.
Thank you
Have a great day
G.

closed half @1.0328. left rest trailing for the target

Long from 1.0280 (10 pip drawdown), pattern trade. Took profits @ 1.03333. where it goes now, who cares Ill visit that though tomorrow morning..

Been alot easier trading this pair lately, stops don't have to be as large as the price action is pretty good.

closed all my shorts +84pips patience pays off.

- Closed all shorts at earlier mentioned level.

- Enjoy your weekend all.

- Cheers.

+14pips
Mostly what I trade now.

+17 pips

Crude oil has started its seasonal rise. Better not buy this bastard.

far from being a bastard.This is my favorite pair to trade.Less manipulated.I have been selling almost none stop.

Anyone else looking at the <1.0250 level?? TP 1.0150?

This mornings rally doesnt look like it will hold past 1.03

250 yes but will hold for lower.My limit shorts got filled at 80 and 85 but missed 95 by a hair.
already in profit.

USDCAD:
Today I expect bearish movement so put an order on SELL to 1.02646 and stop loss will be 1.02793

Hello traders,
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.

We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).

The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)

http://www.forexfactory.com/attachme...1&d=1363277753

Here are my two scenarios, as usual:

Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.

Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.

Let me know what you think.
Thank you

PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis

my 3 shorts hit tp
+130pips
exclusively traded the UC this month.

Im out @ 1.0220 - went short from 1.0255 this afternoon.. this pair was asleep the whole morning, shaking out alot of people..

overall, long term I think I'll have to say bullish.. I would be looking for the price to revisit 1.0250+ again and look for 1.0350..