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 !
BOC Does not matter in this market conditions.
Reply
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
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!
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