USD/CAD

Quoting TauTrader

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{quote} Sir Davit, Well done on your trades... I remember that you were slightly concerned at one time. This is good news. I was in and out a few times already. I was banking on 1.7049 first. From there, it would have been easier trading down to 1.018x. But we received a curve ball. So we now have both of these open. so I am not 100% sure now. But I fired up another set of charts to look at interim position. This brought up the retrace trade idea. I'm going for 1.0479. Period. Will then see.:nerd: All the best

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Quoting TauTrader

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{quote} Sir Davit, Well done on your trades... I remember that you were slightly concerned at one time. This is good news. I was in and out a few times already. I was banking on 1.7049 first. From there, it would have been easier trading down to 1.018x. But we received a curve ball. So we now have both of these open. so I am not 100% sure now. But I fired up another set of charts to look at interim position. This brought up the retrace trade idea. I'm going for 1.0479. Period. Will then see.:nerd: All the best

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Quoting xRedStaRx

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USD/CAD just took a dip after a bearish bat pattern completed. This seems like a good price to go long. It looks as if the pair might go down 20 or so more pips to test the trend-line, So I suggest putting stop losses below that area. We have two possible AB-CD patterns in progress, where we should potentially take profits. First target is 1.07 Second target is 1.0830 Good luck {image}

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Quoting ForexWhale

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{quote} wish you good luck man and I am with you looking forward to retrace but such a big one! seems like it will be tough call... good lucky buddy

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Quoting xRedStaRx

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USD/CAD just took a dip after a bearish bat pattern completed. This seems like a good price to go long. It looks as if the pair might go down 20 or so more pips to test the trend-line, So I suggest putting stop losses below that area. We have two possible AB-CD patterns in progress, where we should potentially take profits. First target is 1.07 Second target is 1.0830 Good luck {image}

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Quoting Davit

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{quote} Price since 2010 has been in a channel.What you think continued upper moves to 1.830 I see clear reversal supply area from 1.060-70 if price gets there. I don't see much weakness in Canadian economy to suggest upper moves on the Loonie however there is lot more weakness on greenbacks.Much of supposed recovery is political spin since there is not much improvement on job market and overall economy is stagnate.Unemployment is still above 7% Food for thought movers of price Banks base their decisions 40% on fundamentals only 16% on technical...

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Quoting xRedStaRx

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{quote} My technical analysis is based on a short term uptrend, the general monthly trend in this regard is highly irrelevant, {image}

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Quoting xRedStaRx

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First target is 1.07 Second target is 1.0830 Good luck {image}

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Quoting Davit

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{quote} You just contradicted yourself Your targets are in weekly ,monthly projection unless you think you can get 1.080 400 pips in few days which is highly unlikely since price struggled to touch 1.060 since June 30. {quote} If it is irrelevant then how is your projection have any merit other then displaying harmonic patterns that are not there. Regards

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Quoting KillerWhale

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I think the chance we see 1.0245 first is pretty big. And go up from there.

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Quoting ronnyxtrader

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Analyzing the graph D1, I don't get to see anything of positive the wave it is still of encounter the a tendency line, she is in you do of correction, to break up a will fall little more the tendency had come back of high. {image}

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