USD/CAD

search impulse for correction

I look for an entry point into the market and define the stop loss according to technical analysis. Take Profit = n*(stop loss). Typically, n = 1-3. I use trailing stop. The idea of USD/CAD was the following: there is a downtrend on the market (H4 time frame); currency kept the 1.3330 local resistance level. I placed a sell stop order in the breakdown of the local support (1.3295).

1,3140
I do not speak English, sorry
Greetings from Italy

An article worth ready:

OPEC’s Historic Deal Won’t Be Enough to Drain Oil Stockpiles

https://www.bloomberg.com/news/artic...oil-stockpiles

Consolidation continues.

Will be monitoring for a potential Buy.

Thanks for sharing the article, good to know.

due to oil touch resistance and ready for fall same with usdcad ready for going up.

usdcad time to go up.. bought 1.3123 SL 1.31045 TP 1.3295

alrght..Whos with me?

Am selling. Who's with me?

I'm waiting for tomorrow. Who's with me?

Count me in.. been patiently waiting

I am selling for today.
Selling at 1.3117 SL -20 TP +67
Target 1.3050

I am selling too, but I set my target a little higher - at 1.3070.

Yep I agree with you. 1.3070 is a key place.
Let's see how it goes.

oil inventories at 10:30am EST if we have oversupply much I think we are back to 1.315 by tonight

Here's a sincere hat tip to all the Loonie bulls out there. Nice calls. I'm long USDCAD and cannot catch a break.

Looks like you got your break

Above 1.33, next area of focus 1.36 again.

Funny how much she reversed this morning... wonder what the rate increase will do for oil... that whole complex needs a good dump again