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USD/CAD

  • #9,541
  • Apr 1, 2016 4:08am Apr 1, 2016 4:08am
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}
also USDX trading at 5-10% of the 2 year range, pretty much bottoming out.
  • #9,542
  • Apr 1, 2016 4:21am Apr 1, 2016 4:21am
EURUSD keeps pushing into heavy resistance zone, NFP could trigger a big sell off now.
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  • #9,543
  • Apr 1, 2016 4:27am Apr 1, 2016 4:27am
Quoting asgcorp
EURUSD keeps pushing into heavy resistance zone, NFP could trigger a big sell off now. {image}
I will take U/CAD + E/CAD short now I think
R:R seems good
maybe after news

WTI is getting lower thats why CAD is depreciating.

I'm long WTI from these levels, target 41
  • #9,544
  • Apr 1, 2016 4:41am Apr 1, 2016 4:41am
not a good idea UCAD short be careful.
  • #9,545
  • Apr 1, 2016 5:07am Apr 1, 2016 5:07am
brent rejected @ WP and also @ DP today
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  • #9,546
  • Apr 1, 2016 5:07am Apr 1, 2016 5:07am
not a good idea to go long oil now / short UCAD for sure
  • #9,547
  • Apr 1, 2016 5:10am Apr 1, 2016 5:10am
Quoting openyoureyes
{quote} I will take U/CAD + E/CAD short now I think R:R seems good maybe after news WTI is getting lower thats why CAD is depreciating. I'm long WTI from these levels, target 41
Same plan, eyeing entries.
  • #9,548
  • Apr 1, 2016 5:19am Apr 1, 2016 5:19am
Quoting asgcorp
{quote} yeah my thoughts also, nice chart boss!
Thanks a lot More likely that the US Job numbers would drag the USD down.
  • #9,549
  • Apr 1, 2016 5:21am Apr 1, 2016 5:21am
ok I'm flat now got out @ BE. Staying flat for the nfp. though the setup was bullish currently lacks clarity.
  • #9,550
  • Apr 1, 2016 5:24am Apr 1, 2016 5:24am
Quoting Fx_Anil
{quote} Thanks a lot More likely that the US Job numbers would drag the USD down.
yeah look that's the reason I got out of all trades and flat now. USD is like a broken machine. Though it's close to supports it's technically not there yet.
Also I don't like that USD is trading below day open the whole day, usually not a very good sign.

USD pretty close to long-term demand zone but not there yet so not a good time to bet the bank on the dollar.
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  • #9,551
  • Apr 1, 2016 5:28am Apr 1, 2016 5:28am
ucad it's either 3200 or 2850. no idea really.
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  • #9,552
  • Apr 1, 2016 5:30am Apr 1, 2016 5:30am
There was a bull hammer on the daily chart.
Holy grail: risk management
  • #9,553
  • Apr 1, 2016 5:36am Apr 1, 2016 5:36am
I'm up 70 pips! The bull hammer has spoken!
Holy grail: risk management
  • #9,554
  • Apr 1, 2016 5:40am Apr 1, 2016 5:40am
Quoting akash14
{quote} As expected the price again went more lower this month creating new low. Look for possible long around 1.29 with SL below 1.2840 and TP1 1.31 and TP2 at 1.3200 levels
Unlucky that i missed the entry at reversal point. Lets see the PA and if everything is good would buy on lows.
Believe in your thesis and stick to the plan, don't get scared with moves
  • #9,555
  • Apr 1, 2016 6:06am Apr 1, 2016 6:06am
Quoting mjbarr
There was a bull hammer on the daily chart.
yeah nicely done I had price retrace to my entry before NFP so had to pull out.
  • #9,556
  • Apr 1, 2016 7:23am Apr 1, 2016 7:23am
Quoting JunkyFX
{quote} Same plan, eyeing entries.
short 1.31 stop 50, didn't get ECAD.
  • #9,557
  • Apr 1, 2016 8:42am Apr 1, 2016 8:42am
Quoting JunkyFX
{quote} short 1.31 stop 50, didn't get ECAD.
Take 50 partial, break even.
  • #9,558
  • Apr 2, 2016 7:17am Apr 2, 2016 7:17am
potential (speculative) setup on USDCAD.
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  • #9,559
  • Apr 2, 2016 7:20am Apr 2, 2016 7:20am
very high confidence that upcoming week UCAD to remain locked in highlighted range, so makes sense buying low and selling high.
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  • #9,560
  • Apr 3, 2016 2:36am Apr 3, 2016 2:36am
I still think that USD/CAD might reach 1.2600, but it's possible it will retrace back to 1.3160 first.
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