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USD/CAD

  • #9,521
  • Mar 31, 2016 11:40am Mar 31, 2016 11:40am
Quoting fxmasterdxb
sweet spot for short currently! I shorted 1.296 targeting 1.28, probably by tomorrow
Simple trade, worth a shot.
  • #9,522
  • Mar 31, 2016 12:01pm Mar 31, 2016 12:01pm
Quoting aStriker
{quote} So your SL is +50pips?
Exactly, Sl 50 pips TP 160 pips making it a great position in terms of RR
  • #9,523
  • Mar 31, 2016 12:01pm Mar 31, 2016 12:01pm
Quoting JunkyFX
{quote} Simple trade, worth a shot.
  • #9,524
  • Mar 31, 2016 12:25pm Mar 31, 2016 12:25pm
Quoting fxmasterdxb
{quote} If we get 1 hr close above 1.3010 then the short setup is nullified
With this momentum, most probably my SL will be hit soon
  • #9,525
  • Mar 31, 2016 12:32pm Mar 31, 2016 12:32pm
Now resistance 1h
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1.gif Size: 184 KB
  • #9,526
  • Mar 31, 2016 12:47pm Mar 31, 2016 12:47pm
Quoting fxmasterdxb
{quote} With this momentum, most probably my SL will be hit soon
As expected, what is happening is profit taking prior to NFP day and month end bs
  • #9,527
  • Mar 31, 2016 1:04pm Mar 31, 2016 1:04pm
only a close below 1.2955 might suggest continuation of tye downtrend, else we are in no man land
  • #9,528
  • Mar 31, 2016 1:07pm Mar 31, 2016 1:07pm
close long likely pull back and some zigzag
  • #9,529
  • Mar 31, 2016 1:26pm Mar 31, 2016 1:26pm
Quoting fxmasterdxb
{quote} With this momentum, most probably my SL will be hit soon
Setup was reasonable, sometimes the market has some other ideas.
  • #9,530
  • Mar 31, 2016 2:06pm Mar 31, 2016 2:06pm
Quoting JunkyFX
{quote} Setup was reasonable, sometimes the market has some other ideas.
A proof of what you are saying is the current reversal!
Anyway, im quite satisfied with my analysis, actually i banked more than 200 pips in UCAD today so 50 is only one forth which is totally acceptable
  • #9,531
  • Mar 31, 2016 5:04pm Mar 31, 2016 5:04pm
Quoting fxmasterdxb
{quote} A proof of what you are saying is the current reversal! Anyway, im quite satisfied with my analysis, actually i banked more than 200 pips in UCAD today so 50 is only one forth which is totally acceptable
After the retest of the high and the failure to close higher, in addition to the engulfing in the 1 hour chart, this pair is about to sunk again! i shorted 1.2985 targeting 1.29 initially and below 1.2815 as a second target. SL 1.3020
  • #9,532
  • Apr 1, 2016 4:08am Apr 1, 2016 4:08am
Moving averages 89 100 tested from the bottom
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD_1....1.gif Size: 174 KB
  • #9,533
  • Apr 1, 2016 4:26am Apr 1, 2016 4:26am
setting up for upside triangle breakout, shorting is not a legit idea for now.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 34 KB
  • #9,534
  • Apr 1, 2016 4:46am Apr 1, 2016 4:46am
ok I'm long, anyone short now?
  • #9,535
  • Apr 1, 2016 5:04am Apr 1, 2016 5:04am
Quoting Blackopal
{quote} Oil going up a bit, EUR,Aussie and NZD up against USD, second test of low in 24 HRS, could break down here
It did break down, but then then it retraced and now the candlestick on the daily time frame looks like a hammer. Could it have been a false break?
  • #9,536
  • Apr 1, 2016 5:05am Apr 1, 2016 5:05am
aussie and nzd are history, usd turned overnight and will give em a good hiding now. ucad bullish.
  • #9,537
  • Apr 1, 2016 5:51am Apr 1, 2016 5:51am
ucad bullish Oil Tumbles After Saudis Say They Will Freeze Oil Production Only If Iran Joins
  • #9,538
  • Apr 1, 2016 5:52am Apr 1, 2016 5:52am
nice
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 240 KB
  • #9,539
  • Apr 1, 2016 6:05am Apr 1, 2016 6:05am
USDCAD struggles to break horizontal resistance ahead of US job details, more likely that upbeat numbers could propel the pair beyond 1.3200 mark.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-ProH1.png Size: 30 KB
  • #9,540
  • Apr 1, 2016 6:08am Apr 1, 2016 6:08am
Quoting Fx_Anil
USDCAD struggles to break horizontal resistance ahead of US job details, more likely that upbeat numbers could propel the pair beyond 1.3200 mark. {image}
yeah my thoughts also, nice chart boss!
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