USDCAD trend reversal? | Page 225 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

(False) Breakout & Trend Reversal Strategies?? 12 replies

Trend Reversal Confirmed? 0 replies

POLL- Trend Reversal or Retracement 0 replies

Are we close to TREND REVERSAL? 5 replies

Attachments: USDCAD trend reversal?
Exit Attachments

USDCAD trend reversal?

  • #4,481
  • Mar 22, 2015 6:47pm Mar 22, 2015 6:47pm
U/Cad support from 01/15 @ 2372

March mthly candle to me, suggests sell

Friday's COT imho was non-comms selling CAD longs .
  • #4,482
  • Mar 23, 2015 8:54pm Mar 23, 2015 8:54pm
sell stop 2467

M candle worse then last night

temp us$ weakness
  • #4,483
  • Mar 24, 2015 8:55pm Mar 24, 2015 8:55pm
M candle worse than last 2 days.

what's gonna break-28xx or 24xx? Dly consolidation IMHO

2440 is the 50 sma on Dly & up TL (01/15 to 03/24)
Small buy stop 1.2545 for 20 pips
  • #4,484
  • Mar 26, 2015 7:59pm Mar 26, 2015 7:59pm
closed buy stop

lower highs & lower lows on Dly M candle worse then beginning of week.

2445 50 sma & UP TL convergence

sell or buy
  • #4,485
  • Mar 26, 2015 9:40pm Mar 26, 2015 9:40pm
This pair has not posted a fresh 4 week low since last July. I am long since 1/2 at 1.1656. My stop is groomed to 1.2358 to lock in 702 pips just under the current 4 week low. If we get new highs and the 4 week low goes higher I will just leave until the 10 week low catches up with it and then trace that until it takes profit. I don't want to add to this long, which means I probably should do so at the next fresh high.

-Adrian
  • #4,486
  • Mar 30, 2015 8:51pm Mar 30, 2015 8:51pm
Quoting ArbitragAcid
This pair has not posted a fresh 4 week low since last July. I am long since 1/2 at 1.1656. My stop is groomed to 1.2358 to lock in 702 pips just under the current 4 week low. If we get new highs and the 4 week low goes higher I will just leave until the 10 week low catches up with it and then trace that until it takes profit. I don't want to add to this long, which means I probably should do so at the next fresh high. -Adrian
Adrian: thanks for your input Your stop is in the range that I am watching.
Congratulations on your green pips

Canadian news (especially,under the Ontario FIBERALS) is negative for the Loonie.

POUTINE (cad/chf) : lovely Mthly candle(but you already know this).
  • #4,487
  • Apr 5, 2015 11:26pm Apr 5, 2015 11:26pm
Loonie: sell stop 1.2430 for short term counter trend trade.

Mthly rsi O/B

NFP less than expectations.

Long term bull re:U/Cad
  • #4,488
  • Apr 15, 2015 8:42pm Apr 15, 2015 8:42pm
Loonie sell 1.2400
Mthly support break

RSI o/b &going down

near term sell

E/cad looking for sell opportunities
  • #4,489
  • Edited 8:04pm Apr 16, 2015 6:34pm | Edited 8:04pm
LOONIE SELL: moved SL to 2300

2150 TP Dly RSI O/B
  • #4,490
  • Apr 17, 2015 12:50am Apr 17, 2015 12:50am
USDCAD broke a strong range support yesterday , but :

-M chart. Retesting SMA200 as support
-W chart. Retesting SMA20 support
-D chart : Retesting SMA100 support
-H4 chart : Retesting a 161,8 fib line support

Everything around 1,22, and there are four CAD or USD red tag news just before New-York session.

I would not short it here, I prefer it to clear that level first, or to retest the range support at 1,235, or even the resistance around 1,25. There I will gladly look for short.

Attached Image (click to enlarge)
Click to Enlarge Name: UCAD_2.png Size: 41 KB
  • #4,491
  • Apr 17, 2015 3:16pm Apr 17, 2015 3:16pm
stef: I read you.

That is why I had tp @ 2150.

Both 2430&2400 sells closed for green pips.
These were near term countertrends for a puppla pips.
Long term U/Cad bullish bias.
  • #4,492
  • Apr 17, 2015 6:38pm Apr 17, 2015 6:38pm
T/A: Dly candle green W long wick
Stef's STO was O/S My RSI was O/S
Retrace 1.237xThere are lower highs &lower lows on Dly

15/01/15/20 to 4/17 up TL on Dly (watching break or retrace) 1973 is prev resistance

Fundies
Oil & US$ weakness (1.20-1.19 U/C)
Poloz speaks on Mon & I think Friday.

Check COT later to see the big boys this week
  • #4,493
  • Edited 8:28pm Apr 20, 2015 8:05pm | Edited 8:28pm
sell stop E/Cad

prev supp Mthly chart: '13/3 lo 2690
4 lo 2950

RSI down

Descending triangle (Mthly)

sell stop 1.3090
SL: 1.3220
  • #4,494
  • Apr 20, 2015 10:27pm Apr 20, 2015 10:27pm
Quoting Scarecru
sell stop E/Cad prev supp Mthly chart: '13/3 lo 2690 4 lo 2950 RSI down Descending triangle (Mthly) sell stop 1.3090 SL: 1.3220
UCAD
I am on the same page with you.
But now I am riding it up tp1 1.23800 first.
Will see.
  • #4,495
  • Apr 21, 2015 6:37pm Apr 21, 2015 6:37pm
Quoting Idkurv
{quote} UCAD I am on the same page with you. But now I am riding it up tp1 1.23800 first. Will see.
plan ID

2380 prev Dly supp late Mar-early Apr.

looks like you picked up a few green pips today
  • #4,496
  • Apr 22, 2015 3:51am Apr 22, 2015 3:51am
Hi Scarecru,
Yes, I did
already closed the position, seeking to reload Long.
Cheers.
  • #4,497
  • Apr 22, 2015 4:59pm Apr 22, 2015 4:59pm
POUTINE (cad/chf)

Long or Short

Mthly chart: 14/03 close 7940. Today:7922, This approximates the 50% fib of the '15/01 SNB open/close candle.

NO position YET. Gonna let the BIG MONEY assist my making green pips.
  • #4,498
  • Apr 22, 2015 5:03pm Apr 22, 2015 5:03pm
Feeling like its wanting to retake that drop and head back toward 2600
There's always money in the banana stand.
  • #4,499
  • Apr 23, 2015 6:08am Apr 23, 2015 6:08am
whelp, scratch that. Feeling heavy yet again.
There's always money in the banana stand.
  • #4,500
  • Apr 23, 2015 5:41pm Apr 23, 2015 5:41pm
closed Loonie sell (1.2232) @ 2147
2 traders viewing now