Attachments: USD/CAD

USD/CAD

#10,621
Sep 22, 2016 10:05am Sep 22, 2016 10:05am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

USDCAD is having a play near the 61.8 Fib level just below the monthly pivot at the moment. An ascending trendline is still holding and it will be interesting to see how price action turns out in the area.

KP

Do your homework, follow the footprints of smart money

#10,622
Sep 22, 2016 10:18am Sep 22, 2016 10:18am

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

After the news yesterday the pair dropped with 180 pips but it found support at 1.3000 again. So far there is no signal that this is the end of the drop, so I think that if it breaks out below 1.3000 it will reach 1.2900 - 1.2880.

#10,623
Sep 22, 2016 6:11pm Sep 22, 2016 6:11pm

drpips1
| Joined Apr 2016 | Status: If I am wrong, you were right | 18 Posts

Quoting Zakhar13

Disliked

Price moves down to the point of 1.30297. However, I assume that the price will soon begin to rise toward the 1.30688. {image}

Ignored

Spot on! How did you predicted that? Fibs? You are awesome.

50% right - 50% wrong

#10,624
Sep 22, 2016 8:24pm Sep 22, 2016 8:24pm

Fangker
| Joined Jul 2016 | Status: Trader | 52 Posts

Quoting Fangker

Disliked

u can buy usdcad at 1.3000 got some short term buyer

Ignored

done +80point

win 200kusd..

The High Frequency Trader with 10years experience

#10,625
Sep 23, 2016 2:29am Sep 23, 2016 2:29am

Trader-Dale
| Membership Revoked | Joined Sep 2016 | 1,511 Posts

Hi guys, have look at my intraday trading levels for USD/CAD. They are based mostly on volumes made by big players and price action. I also make levels for other fx pairs. Have look at my table. If you want I can send you my levels every day.
Happy trading

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#10,626
Sep 23, 2016 4:35am Sep 23, 2016 4:35am

Zakhar13
| Joined Aug 2016 | Status: Trader | 258 Posts

Quoting drpips1

Disliked

{quote} Spot on! How did you predicted that? Fibs? You are awesome.

Ignored

Yes you are right I use Fibonacci to confirm my strategy.

#10,627
Sep 23, 2016 8:32am Sep 23, 2016 8:32am

Trader-Dale
| Membership Revoked | Joined Sep 2016 | 1,511 Posts

Quoting Trader-Dale

Disliked

Hi guys, have look at my intraday trading levels for USD/CAD. They are based mostly on volumes made by big players and price action. I also make levels for other fx pairs. Have look at my table. If you want I can send you my levels every day. Happy trading {image} {image}

Ignored

Just took a +10 pips profit on my intraday level I published here in the morning. Did any of you guys also take it? (I didn't trade the first short level because it was hit during macro news)

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#10,628
Sep 23, 2016 8:47am Sep 23, 2016 8:47am

ClipperFX
| Joined Nov 2015 | Status: Trader | 102 Posts

Pair not showing an overbought or oversold tendency yet. Not strong enough fundamentals to push this pair yet. I'm in wait and see mode right now. Possibly next week here on this pair. BTW I only trade higher TF's so for scalping this morning was a good move.

â€œThe most valuable commodity I know of is informationâ€

#10,629
Sep 23, 2016 10:23am Sep 23, 2016 10:23am

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

I have decided to wait until next week as well. The pair has formed a shooting star bar on the one-hour time frame, but I don't want to open new positions so close to the market closing for the weekend.

#10,630
Sep 23, 2016 2:58pm Sep 23, 2016 2:58pm

ItsAtrap
| Joined May 2015 | Status: Trader | 400 Posts

Quoting ItsAtrap

Disliked

Morning everyone. I am having to leave my trade station for the rest of the day and won't be on to monitor the market. I have closed about half of my USDCAD short position at these levels and moved stop on the rest of the position to just below my entry point. Wouldn't be surprised to see the price move back up above the recent top before collapsing. Only other open positions I have got is a long on brent crude and a bunch of longs on EUR/GBP targeting the top of the multiday ascending channel at just above 0.88. Will try and post updates when I...

Ignored

Hello everyone. Earlier today, I got stopped out of my remaining short position on this pair, as the price made a run up. So, this trade only made about 145 pips on half of the position, and nothing on the other half.

I still expect this pair to move lower eventually, to 1.20 or even 1.1450, but it does also have room to go up quite a bit before that. Anyway, currently flat here and watching price action into next week.

I also got stopped out on my crude long positions in a very similar set-up (half position made a small profit of about a buck, the other half got stopped out at b/e). Will post it on a relevant thread. Good weekend!

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