Timing is key


FX:USDCAD   U.S. Dollar / Canadian Dollar
1176 31 15
Hello all,

Today's idea centers around Time, Price & Pattern & how they come together around an anticipated bounce or reversal . We have plenty of confluence clustering at key resistance from the current high to 134450 ish             ( Shown as 3 levels bunched together in the RED rectangle ). The Action/Reaction element is shown as upward blue parallels, The time & price squaring element is derived from the LAST 2 daily swings beginning with the word START with the numbers crunched in the grey box using the major and minor degrees of circle. ie. 0/360 - 90 - 135 - 180 - 225 - 270 - 315. The pattern element is shown as 5 Pivot count ending with an expanding pivot . This is an extremely early prediction as all we have is confluence and an inverted hammer .....Let's see how this develops



Lets see how this unfolds
I had a long here, now, what will USDCAD do?
Considering oil, I'd think it'll keep trucking up.
Timing is key IvanLabrie
I see USO down to 11.11 ( you should pull up a Monthly on that one it's scary )....so CAD will probabley truck up ...if it breaks 134450 decisively it s/b blue skies
Time to short very soon...
This A/R set is working like Swiss Watch:)
+1 Reply
Touchdown!! ML Reached
Update: The Looney Revisited my expected Heavy Resistance Zone (Including Reaction Line Confluence) Extreme 134458 ( Actual 134562 ) and turned nicely...It was nice of it to keep my long term stops in place ( They don't call it the beast for nothing ) as it continues to sell-off on my short positions. Next Target is the Median Line...
For USDCAD to go down, simply oil price must go up and or USD must be de-valued. Fundamentally, when the economy of the world isn't going to demand oil as if it was before like China boom-town era. Not to mention, oil isn't the oil of yesterday. alternative is right there and waiting ~ And december interest hike looming USD won't be plummeted. So, I don't see any good plunge down of USDCAD in this very simple way without cracking the head with technicality.
Beast as usual.
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