pascalde-aguiar
Short

A once in a ten years short opportunity ! Simplest chart ever

FX:USDCAD   U.S. Dollar/Canadian Dollar
- USDCAD             is well over bough on every timeframe
- We've reached the 78% fibonacci retracement line
- USDCAD             might go higher but it needs a serious correction as it's not very wise to buy when the RSI is at +85 !
- USDCAD             has been consolidating since 2008 but is 0.95 really the bottom ???
- As far as the chart can go USDCAD             went down when its weekly RSI touched 85.

Risky ? Maybe if you only consider fundamentals and one speach from the BOC             but the laws of nature ( Fibonacci) are also at work here !

Rewarding ? Certainly !
Patladj.
2 years ago
Extremely bullish. Long term trend reversal of USD. Will continue rocketing upwards even stronger and faster then before. It's already broken out of resistanse. Be warned!
Reply
Patladj.
2 years ago
BOC Does not matter in this market conditions.
Reply
pascalde-aguiar Patladj.
2 years ago
Yes, I agree. I can't picture any long term reversal to the down side unless the feds decided something.. I'm thinking about correction on the weekly chart right now in a week or two. Thank you for the warning though... I know it's a very tricky one but it's interesting at the same time to see something of that size at a key turn.
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