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USD/CAD

  • #5,441
  • May 23, 2014 7:39am May 23, 2014 7:39am
Quoting momochi
some positioning before news i guess, while everyone in london is on their lunch break. CAD news always leaked, watch the PA 30 seconds before release.
As expected, some bulls maybe?!
  • #5,442
  • May 23, 2014 7:50am May 23, 2014 7:50am
what can not go up must go down, closed long and started short, stop at day high
  • #5,443
  • May 23, 2014 7:54am May 23, 2014 7:54am
Quoting dodoei
what can not go up must go down, closed long and started short, stop at day high
lol.. If this just correction down then bounce up.. you will close with negative too??
  • #5,444
  • May 23, 2014 8:29am May 23, 2014 8:29am
gotta follow the rules, serve you better in the long run
Quoting santuary123
{quote} lol.. If this just correction down then bounce up.. you will close with negative too??
  • #5,445
  • May 23, 2014 8:38am May 23, 2014 8:38am
Quoting dodoei
gotta follow the rules, serve you better in the long run{quote}
Yeah.. You have rules, i have too

Good luck bro
  • #5,446
  • May 23, 2014 8:44am May 23, 2014 8:44am
Adding more longs...
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,447
  • May 23, 2014 8:49am May 23, 2014 8:49am
UCAD Long Positions..
I am adding more longs and will add more.. My target is of 2 months - 1.16 zone!

Attached Image (click to enlarge)
Click to Enlarge Name: UCADLongs.png Size: 62 KB
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,448
  • May 23, 2014 10:04am May 23, 2014 10:04am
thanks, guess I'm lucky and it worked this time.

Quoting santuary123
{quote} Yeah.. You have rules, i have too Good luck bro
  • #5,449
  • May 23, 2014 10:31am May 23, 2014 10:31am
Quoting aviz12
UCAD Long Positions.. I am adding more longs and will add more.. My target is of 2 months - 1.16 zone! {image}
Yeah agree with longs in cad..
This is friday maybe all taking profit..

I believe next week cad will be weak and of course usd get strength now
  • #5,450
  • May 24, 2014 10:22pm May 24, 2014 10:22pm
Got stopped out here after nears with some profit but not what i was hoping for. There is some interesting channel support here. The line you have posted aviz goes back a long way. Will post chart tomorrow not near my computer until then.

Monday should be quiet with london closed and with americans selling recently i doubt there will be and change of direction until at least tuesday.

If this breaks 1.0840 i would guess a new low is coming. If it can bounce and come back above 1.0880 i might try reentry on longs.
Do what's right for you
  • #5,451
  • May 25, 2014 8:41am May 25, 2014 8:41am
Anyone has a view on daily and weekly chart?

So bearish looking at daily chart
  • #5,452
  • May 25, 2014 2:31pm May 25, 2014 2:31pm
Quoting keziahpie
Anyone has a view on daily and weekly chart? So bearish looking at daily chart
Yeah so bearish.. But if you want to short use tight SL.. Dont know it will fall or a bear trap like 2 weeks ago if i not wrong..

But totally i believe this week US will be strong..
  • #5,453
  • May 25, 2014 3:03pm May 25, 2014 3:03pm
No matter what the dollar do.... the cad is time to fall... my tactic for the upcoming week is to bet against to cad in any forex pair...

In particular, USD/CAD has formed a bullish abcd pattern at 23,6% fibo...

Long and looking for 1,12170

Venceremos
Attached Image (click to enlarge)
Click to Enlarge Name: O32Fn35.png Size: 66 KB
The good thing with the future is that it is progressively approaching...
  • #5,454
  • May 25, 2014 4:27pm May 25, 2014 4:27pm
Quoting spinozagr
No matter what the dollar do.... the cad is time to fall... my tactic for the upcoming week is to bet against to cad in any forex pair... In particular, USD/CAD has formed a bullish abcd pattern at 23,6% fibo... Long and looking for 1,12170 Venceremos {image}


But i not trade now.. wait until tuesday
UK and US holiday.. maybe will be stop hunt (who knows)..
  • #5,455
  • May 25, 2014 10:42pm May 25, 2014 10:42pm
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 46 KB


U/C apprears to break the uptrend line since 1.0182,
and maybe the first target wonld be .382 fibo retrace @1.065,
i'd like to hold on my short position,
Good luck!
no other killers to me but emotion
  • #5,456
  • May 26, 2014 1:33am May 26, 2014 1:33am
possible continued support from this channel, or perhaps just a roadblock until further drops, lets see how price reacts around this level.

http://i.imgur.com/nlmugoV.jpg
Do what's right for you
  • #5,457
  • May 26, 2014 9:44am May 26, 2014 9:44am
It looks like from June onwards we may see a rally upside forming.
Currently its trading in range, as Moving Averages adjust accordingly, technical indicators make a perfect setup for a long-run entry..
Classical chart patterns of currencies from 15+ Year Pro Trader
  • #5,458
  • May 26, 2014 10:02am May 26, 2014 10:02am
My trade plan still wait n see..

I will see how movement in blue zone.. Can hold or no.. If can hold i will long..
And already set limit buy in red zone..
Attached Image (click to enlarge)
Click to Enlarge Name: cad.JPG Size: 46 KB
  • #5,459
  • May 26, 2014 7:51pm May 26, 2014 7:51pm
usdcad wants to breakdown, target a quick trip to 1.06
  • #5,460
  • May 26, 2014 7:52pm May 26, 2014 7:52pm
What ever happen to USDCAD wizard said it was going to like 1.2 or something ?
All posts are my personal opinion
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