Attachments: USD/CAD

USD/CAD

#9,261
Feb 3, 2016 6:01am Feb 3, 2016 6:01am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

Potential WAVE 5

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#9,262
Feb 3, 2016 6:23am Feb 3, 2016 6:23am

dianajs
| Joined Dec 2015 | Status: Trader | 868 Posts

I expect the pair to reach 1.3770 at least and I am waiting for a breakout under the previous low at 1.3907 to open new shorts.

#9,263
Feb 3, 2016 6:48am Feb 3, 2016 6:48am

Pip-Miner
Joined Nov 2015 | Status: I'm hungry | 4,034 Posts

Looks like oil on move up to around34 , 138.20 be tested.

#9,264
Feb 3, 2016 12:20pm Feb 3, 2016 12:20pm

Orly
| Joined Nov 2012 | Status: Trader | 415 Posts

Capitulation.
Retrace to ~1.407.

#9,265
Feb 3, 2016 1:25pm Feb 3, 2016 1:25pm

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Quoting Ken A

Disliked

{quote} Maybe 1.39x - 1.38x ? Daily {image}

Ignored

1.3800 is broken

+863 pips so far

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#9,266
Feb 3, 2016 2:29pm Feb 3, 2016 2:29pm

midouch
| Joined Jan 2016 | Status: Trader | 230 Posts

Good job, Ken! Keep going

#9,267
Feb 3, 2016 3:08pm Feb 3, 2016 3:08pm

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

oil

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#9,268
Feb 3, 2016 7:38pm Feb 3, 2016 7:38pm

Pip-Miner
Joined Nov 2015 | Status: I'm hungry | 4,034 Posts

134.50 next major resistance.. maybe that's the bottom literally an oil well

#9,269
Feb 3, 2016 7:51pm Feb 3, 2016 7:51pm

midouch
| Joined Jan 2016 | Status: Trader | 230 Posts

This was a straight line decline, just be wary of solid corrective bounce that can happen anytime. When the market is really really exhausted, the price can reverse almost instantly. Not trying to catch a bottom here but these things happened in the past, almost when something free falling a sharp opposite move follows. Watch how USDJPY recovered about +120 as example. So i think EU, USDCAD are prone now to these opposite moves at any time. Just my 2cents

#9,270
Feb 4, 2016 2:34am Feb 4, 2016 2:34am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

oil

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#9,271
Feb 4, 2016 4:18am Feb 4, 2016 4:18am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

still wave 5 and wait for the ending and correction abc

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#9,272
Feb 4, 2016 5:11am Feb 4, 2016 5:11am

mlawson71
| Additional Username | Joined Dec 2015 | 3,529 Posts

I didn't think it would break below 1.3690. I have shorted again, the way it's going it will reach 1.3560.

#9,273
Feb 4, 2016 6:36am Feb 4, 2016 6:36am

Dano12
Joined Nov 2012 | Status: Trader | 5,895 Posts

Slowly search correction ABC

#9,274
Feb 4, 2016 8:59am Feb 4, 2016 8:59am

Ken A
Joined Jun 2012 | Status: ケンジ | 21,416 Posts

Quoting Ken A

Disliked

{quote} +873 pips so far see if can hit 1000 pips {image}

Ignored

+1006 pips

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#9,275
Feb 4, 2016 10:23am Feb 4, 2016 10:23am

dianajs
| Joined Dec 2015 | Status: Trader | 868 Posts

Quoting midouch

Disliked

This was a straight line decline, just be wary of solid corrective bounce that can happen anytime. When the market is really really exhausted, the price can reverse almost instantly. Not trying to catch a bottom here but these things happened in the past, almost when something free falling a sharp opposite move follows. Watch how USDJPY recovered about +120 as example. So i think EU, USDCAD are prone now to these opposite moves at any time. Just my 2cents

Ignored

True. It bounced off 1.3640 but I am not sure now is a good time for longs.