riandouma
Short

USDCAD Longterm SHORT

FX:USDCAD   U.S. Dollar/Canadian Dollar
64 4 3
Target might be a bit ambitious. Will manage it accordingly
pipstrading
2 months ago
saw this in monthly chart. but the pullback is not even 38.2%
Reply
Frozenhead pipstrading
2 months ago
I think in this case the wedge formation was pullbaack
Reply
fdtbeijing Frozenhead
2 months ago
January's parabolic movement will explain why the pullback may not reach .382 fib level. still hope it will reach 1.35 for a big short. but consider the strong performance of other commodities block currency, especially NZD. i think UC should be in a downtrend and no chance for another rally to 1.32+. In anyway , we should set stop loss for every trade.
Reply
riandouma pipstrading
2 months ago
If you are a Fibonacci trader yes, the pull back might be a bit shallow. I try to keep things simple . Support - Resistance will do it for me. Well, GOOD Support - Good Resistance. Price is in a downtrend, bulls have been trying to take control of the market since April, but no success. 1,2775 support coming up, so will need to manage it and see if it can break through.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out