FullTimeTrader
Short

USDCAD-Expecting a strong correction-Expanded flat

FX:USDCAD   U.S. Dollar/Canadian Dollar
1946 26 35
Hello, im closely watching this pair because it seems its ready to make a pullback/correction.
Looking at D1 chart we see an expanded flat correction could be forming for wave 4 circled. The AO also shows double bearish divergence:
snapshot

Im trying to pinpoing an entry on H1 chart, price is making an AB=CD retracement to last highs.

I assume wave 1 blue is a leading diagonal .

Details on chart.

Regards.
personally i have cancelled pending short positions on USDCAD as the pair dicounted the bearish trend after FED.
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FullTimeTrader griffin1989
My short position are near to BE, lets see next week. I will be ready to sell higher.
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Yes, i'll be shorting USDCAD at 1.33523. target is 1.27005
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snapshot
blue count or tgt grey box to complete 5w.. ,, price broke daigonal line n now testing . caution needed
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Same area for a short!!
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mkdeep04 FullTimeTrader
i placed sellstop 3170.. just in case
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Hi glad to find your posts today. I wonder if oil has bottomed now if USD will rise sharply after the pull back -- will oil drop sharply then? how low can it go?
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FullTimeTrader starter.starter.3
Hello, correlation is useful but not to the pip. My bias is that oild has bottomed but now is consolidating. The USD will make a last push up (small one) and then fall like a stone. Oil will rally also at the same time. Regards.
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AndyM PRO FullTimeTrader
Great view, similar to mine. all currencies, Crude, CAD - all need to reverse very soon. (1-2 weeks max). My only concern is the correlation to SPX - still looking for a reason that currencies do reverse, and SPX continues its decline. If currency markets do something different, the SPX should follow (reverse up?)..
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Hello, my bias is that SPX500 will reverse up soon. This is an idea i posted before:
SPX500-The stock market is crushing as expected. What
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