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USD/CAD

  • #5,081
  • Apr 5, 2014 1:20pm Apr 5, 2014 1:20pm
CAD indicates further move down..
a big upside in USDCAD expected

Attached Image (click to enlarge)
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Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,082
  • Apr 6, 2014 4:36am Apr 6, 2014 4:36am
my take. Ucad reached market top for a while now.
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  • #5,083
  • Apr 6, 2014 3:38pm Apr 6, 2014 3:38pm
Quoting ruffryders
my take. Ucad reached market top for a while now. {image}

Got stopped out Friday for -12, however, trade what you see....looking for a long entry
  • #5,084
  • Apr 6, 2014 3:43pm Apr 6, 2014 3:43pm
Quoting ruffryders
my take. Ucad reached market top for a while now. {image}
that is also a failed breakout. Also, very very bearish sign.
Trade what you see, not what you think!
  • #5,085
  • Apr 6, 2014 3:58pm Apr 6, 2014 3:58pm
Dollar Index is Bullish
CAD is Bearish
USDCAD is in oversold territory..
it does not seems logical for it to move more down.
Check Weekly chart, its making an inverse Head and Shoulders.. TP around 1.17 levels.
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,086
  • Apr 7, 2014 2:56am Apr 7, 2014 2:56am
Canadian updated at least 1.1000, forming a new zone 1.0960-0990 consolidation. 1.1010-1050 area is a major area. There I will open short positions with a stop 1.1080 and 1.0900 targets.

http://ic.pics.livejournal.com/deas8...298934_900.png
  • #5,087
  • Apr 7, 2014 3:18am Apr 7, 2014 3:18am
usd cad LONGs good luck!

http://www.forexfactory.com/showthre...50#post7386750
http://www.forexfactory.com/showthre...41#post7386341
  • #5,088
  • Apr 7, 2014 6:18am Apr 7, 2014 6:18am
Up Move soon today..!!!!!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,089
  • Apr 7, 2014 7:22am Apr 7, 2014 7:22am
We have a gap still be to filled to 1.1014
All posts are my personal opinion
  • #5,090
  • Apr 7, 2014 8:42am Apr 7, 2014 8:42am
MOVE PLEASE!! This is insanely boring.
  • #5,091
  • Apr 7, 2014 8:50am Apr 7, 2014 8:50am
Quoting zaghloul
MOVE PLEASE!! This is insanely boring.
I take it patience isnt your virtue. We still in bearish mode here, rejecting resistance looking to go lower, US getting slammed today.

USDCAD 4H bearish continuation inside bar
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All posts are my personal opinion
  • #5,092
  • Apr 7, 2014 8:54am Apr 7, 2014 8:54am
Patience absolutely isn't my virtue. I'm a spike scalping news trader. I hate watching paint dry. I just left this trade open from NFP release, and I'm discovering how slow and boring intraday trading can be.
  • #5,093
  • Apr 7, 2014 9:01am Apr 7, 2014 9:01am
Quoting zaghloul
Patience absolutely isn't my virtue. I'm a spike scalping news trader. I hate watching paint dry. I just left this trade open from NFP release, and I'm discovering how slow and boring intraday trading can be.
Well no news until later AUD NZD JPY better wait until then
All posts are my personal opinion
  • #5,094
  • Apr 7, 2014 8:42pm Apr 7, 2014 8:42pm
long for a tgt 1.0999
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  • #5,095
  • Apr 7, 2014 10:43pm Apr 7, 2014 10:43pm
i reversed my long view. now short with tp at 1.0921. we'll see how it moves in the next few days.
use leverage with caution...
  • #5,096
  • Apr 7, 2014 11:19pm Apr 7, 2014 11:19pm
Maybe we hunt some stops tonight, maybe this support holds. We have come pretty aggressively to this support on the 3 touch while the bull trend is quite exhausted.

1.0920 looks like the last level where any bulls could potentially hold on and where I will move to BE should we break the 50 handle.
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All posts are my personal opinion
  • #5,097
  • Apr 8, 2014 7:02am Apr 8, 2014 7:02am
Adding more longs in USDCAD..
Its just a game of patience right now friends
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,098
  • Apr 8, 2014 8:16am Apr 8, 2014 8:16am
Should start up move anytime soon..
Very bad CAD data.!!
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,099
  • Apr 8, 2014 8:21am Apr 8, 2014 8:21am
we may see a bounce off these levels. GL
Trade what you see, not what you think!
  • #5,100
  • Apr 8, 2014 8:38am Apr 8, 2014 8:38am
Seems good support for long me think.
If skills could be acquired by watching, every dog would be a butcher. Turk
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