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USD/CAD

Anyone know why the USD/CAD bounced all of a sudden to 133.30 ?

Regards,

GreenEarth
"Define the risk OUT of your trade"--Mark Douglas
Hit my SL but manager to secure 3pips
The culprit candle doji formed in middle of no where and likely a sign of consolidation :
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If you have poor psychology you will struggle
  • Post #11,204
  • Quote
  • Edited Mar 23, 2017 1:43am Mar 22, 2017 5:04am | Edited Mar 23, 2017 1:43am
i Bought @1.33947
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If you have poor psychology you will struggle
Quoting dr.rackala
i Brought @1.33947 {image}
i concur
You came here for the truth and let me unveil it for you
Quoting RondaRousey
{quote} i concur
You right! A very risky position so closed at BE!
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If you have poor psychology you will struggle
Hello all
If todays D1 will close on simmilar shape, does it mean that we have two candles confirming (or rather suggesting) that USD/CAD will go south? If yes, than I suppose it can significantly return around 1.3220 (D1 High on 7.02.2017 and 22.02.2017) - that's where I have my TP.
What are your ideas? I'm rather begginer in FX
Quoting dr.rackala
The culprit candle doji formed in middle of no where and likely a sign of consolidation : {image}
Yes! consolidation phase started
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If you have poor psychology you will struggle
I shorted again at 1.3375, I think the pair will reach 1.3300 later today.
Quoting dianajs
I shorted again at 1.3375, I think the pair will reach 1.3300 later today.
can't understand south or north here plz look at my pattern again or share yours plz!
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If you have poor psychology you will struggle
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If you have poor psychology you will struggle
USD/CAD has formed a pair of bullish spinning top bars and an inverted hammer bar at 1.3315 on the H4 time frame, I think that may be the end of the current move to the downside but the breakout below the flag that has been developing for months now on the large time frames suggests a long-term drop.
Quoting uszatek
Hello all If todays D1 will close on simmilar shape, does it mean that we have two candles confirming (or rather suggesting) that USD/CAD will go south? If yes, than I suppose it can significantly return around 1.3220 (D1 High on 7.02.2017 and 22.02.2017) - that's where I have my TP. What are your ideas? I'm rather begginer in FX
UP: I got chicken and closed my S @ 1.332. Seems to be to early to think about big drop :/
Quoting uszatek
{quote} UP: I got chicken and closed my S @ 1.332. Seems to be to early to think about big drop :/
At least after the news at 12:30 UK time.
Gone to a better place
I have closed all positions and I am waiting for the news for the moment.
#usdcad again has not been able to break the 61.8% level. Both sides have news today with Canada showing the propensity to be more aggressive. Unless the vote for health care in the US is today. Be on the look out if you are trading the pair!
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Too much news for me today on USDCAD. Going to wait until Monday
Price looks strongly consolidated between 1.3280 and 1.3350. Waiting for a breakout, i'm expecting a move to the upside next week.
Usd/Cad started the week with a gap down, but strong support 1.3275/70 zone is still holding. A break-out confirmation needed.
The pair has been consolidating since last week, forming a barbed wire pattern and so far there is no indication that the range will end. So far I still haven't opened any positions without a breakout.
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