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USD/CAD

  • #9,681
  • Apr 19, 2016 2:28am Apr 19, 2016 2:28am
We may have just bottomed at 12740. I went long average is 12750 on 2 entries. . It needed to break the last low of 12744 to start the trend back up which it has now done. Time will tell.
  • #9,682
  • Apr 19, 2016 3:22am Apr 19, 2016 3:22am
Quoting Michigan
We may have just bottomed at 12740. I went long average is 12750 on 2 entries. . It needed to break the last low of 12744 to start the trend back up which it has now done. Time will tell.
​I believe you are right. Engulfing on the hourly, and nice hammer about to form on the 4hr
  • #9,683
  • Apr 19, 2016 7:28am Apr 19, 2016 7:28am
Not saying buy right this minute but getting to an interesting level big picture monthly.

Attached Image (click to enlarge)
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  • #9,684
  • Apr 19, 2016 8:09am Apr 19, 2016 8:09am
Quoting JunkyFX
Not saying buy right this minute but getting to an interesting level big picture monthly. {image}
You're right, the pair has almost reached the support at 1.2660. Even if it breaks below that support first there will likely be a retracement first. I for one will be opening longs soon.
  • #9,685
  • Apr 19, 2016 8:15am Apr 19, 2016 8:15am
Quoting dianajs
{quote} You're right, the pair has almost reached the support at 1.2660. Even if it breaks below that support first there will likely be a retracement first. I for one will be opening longs soon.
usdcad go 1.25xx..usa is very bad fundamental
  • #9,686
  • Apr 19, 2016 8:34am Apr 19, 2016 8:34am
Set to go long on retracement of a 5 waves (c) wave ................. soon.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 19Apr 16.png Size: 60 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,687
  • Apr 19, 2016 10:52am Apr 19, 2016 10:52am
Quoting dianajs
{quote} You're right, the pair has almost reached the support at 1.2660. Even if it breaks below that support first there will likely be a retracement first. I for one will be opening longs soon.
Trying here at 12650, might take a few stop outs to get right with bears capitulating across markets.
  • #9,688
  • Apr 19, 2016 11:38am Apr 19, 2016 11:38am
I've been stopped out several times trying to get a foothold on this long. My last entry so far is holding.
  • #9,689
  • Apr 19, 2016 11:44am Apr 19, 2016 11:44am
I am not opening longs yet. If it breaks below 1.2650 it could continue falling all the way to 1.1500, I am still waiting to see what happens.
  • #9,690
  • Apr 19, 2016 4:16pm Apr 19, 2016 4:16pm
Quoting Michigan
We may have just bottomed at 12740. I went long average is 12750 on 2 entries. . It needed to break the last low of 12744 to start the trend back up which it has now done. Time will tell.
what makes you think this will be the bottom? just the technicals?
Trade like a sniper not a machine gun
  • #9,691
  • Apr 19, 2016 4:55pm Apr 19, 2016 4:55pm
Yes Technical. I was wrong earlier in the day as thought 12740 could be low. It was for a little while. Looking at the low of the day so far at 12630 I'm not sure today will be the low. It's debatable right now. Will just have to see what it does the next day or two.
  • #9,692
  • Apr 19, 2016 4:57pm Apr 19, 2016 4:57pm
Quoting Michigan
Yes Technical. I was wrong earlier in the day as thought 12740 could be low. It was for a little while. Looking at the low of the day so far at 12630 I'm not sure today will be the low. It's debatable right now. Will just have to see what it does the next day or two.
yeah i agree, i dont think we will be able to establish the bottom from anything other than a daily Chart
Trade like a sniper not a machine gun
  • #9,693
  • Edited 11:04pm Apr 19, 2016 9:59pm | Edited 11:04pm
Quoting skyhok
Set to go long on retracement of a 5 waves (c) wave ................. soon. {image}
It seems now a minor bull trap before the last push down. Potential is on the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD 20Apr16.png Size: 53 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #9,694
  • Apr 20, 2016 12:25am Apr 20, 2016 12:25am
Attached Image (click to enlarge)
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  • #9,695
  • Apr 20, 2016 6:28am Apr 20, 2016 6:28am
Quoting KzX
{image}
Or................Alternatively/

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  • #9,696
  • Apr 20, 2016 6:40am Apr 20, 2016 6:40am
Anyway the wedge(bullish) is invalidated now.
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  • #9,697
  • Apr 20, 2016 6:45am Apr 20, 2016 6:45am
Well monthly I think this hot level is 1.27000 and it seems that price just rejected it. Thechnicals are bullish only if the latest bottom will be intact. But it looks like this scenario will be a sci-fi movie soon.
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Man lie, woman lie, numbers don't
  • #9,698
  • Apr 20, 2016 8:06am Apr 20, 2016 8:06am
Kuwait oil strike ended

http://www.hantecfx.com/oil-again-se...rsstrike-ends/
  • #9,699
  • Apr 20, 2016 8:21am Apr 20, 2016 8:21am
Expecting a correction to 1.29.
  • #9,700
  • Apr 20, 2016 10:29am Apr 20, 2016 10:29am
Quoting Blackopal
Kuwait oil strike ended http://www.hantecfx.com/oil-again-se...rsstrike-ends/
Rumors begin:
"OPEC, other producers to meet in Russia possibly in May: Iraq
http://www.forexfactory.com/news.php?do=news&id=587835

The way USDCAD is diving, anyone would think they just announced the great oil glut was over.
Somehow, this relentless down pressure feels like an elastic band that is due to snap back up at the
slightest OPEC disagreement.
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