moorekapital

USDCAD: UPTREND CONTINUATION?

FX:USDCAD   U.S. Dollar/Canadian Dollar
199 14 9
If you look back into history, the most recent HIGH had been 1.30600 , Printed on 2009|03|09

This high of 2009 was violated recently on 2015|07|24 Price danced around this zone for a while, but managed to stay above it, and built a MODE of 18 solid days consequently.

Last Thursday, on FOMC day, this 18-day MODE got disconnected to the downside, and price is expected to down further but this seems failing

The erstwhile RESISTANCE of 1.30600 now seems a SUPPORT, as price got strongly rejected on FRIDAY,2015|09|18

Again, looking back over time, there's a MAGNETIC MODE at 1.3500.

THIS IS WHAT I SEE:
Should we successfully jump above the current 18-day MODE, and more so, BO above the RANGE HIGH=1.3350, then 1.3500 is NEXT.
Currently doing trading, full time for a living. I invite you to share in my private funds management. Minimum Capital: $10 000USD.
CONTACT: moorekapital@gmail.com or PM me for a discussion today! https://www.tradingview.com/chat/#Q8tWbgGWUxMgOT0K
snapshot
Reply
great job. you have a keen eye my friend.
let's stay in tune with the markets.
have a great weekend.
+1 Reply
moorekapital PRO IvanLabrie
a year ago
Thank you, my Boss
+1 Reply
Yahia.Awes
a year ago
What if that candle behaves as a hanging man? Weekly bearish divergence still not confirmed, this might be it.
Reply
Yahia.Awes Yahia.Awes
a year ago
snapshot
Reply
moorekapital PRO Yahia.Awes
a year ago
Jesse Livermore (the greatest stock trader of all time) once said "We are paid to sit on our hands." This is true.....the market is obvious most of the time....if you zoom out far enough, and wait. We're definitely at a critical zone, and it would be interesting to sit on ones hands and let the market tell us where its going next
snapshot
Reply
Yahia.Awes moorekapital
a year ago
That is why I say it might be more a bear than a bull, because of the monthly hammer in crude oil also...
+1 Reply
moorekapital PRO Yahia.Awes
a year ago
I prefer taking hot zones off weekly, and narrowing it down to daily/4H for PA triggers. Check my 4H chart
Reply
moorekapital PRO moorekapital
a year ago
All we need is the right PA at these areas. I shall wait, and trade accordingly. I'm reaping pips with my blinds drawn to "what not and what not "
snapshot
Reply
Yahia.Awes moorekapital
a year ago
I agree with you.
Reply
Yahia.Awes Yahia.Awes
a year ago
Here is one which is really HOT now...
GRRR goes the roaring of the bears!
+1 Reply
moorekapital PRO Yahia.Awes
a year ago
Great levels to look at on EURCHF. But i dont trade this one.
snapshot
Reply
moorekapital PRO moorekapital
a year ago
Great PA to short it to 1.08000, but that would be (COUNTER TREND). On the long side(WITH TREND), I would be a buyer if we can jump up above 1.1000000, and reject it. Loads of space going up, but 1.12000 first.
Reply
Ok. Expectation met. We broke that 1.33500000. What next??? Now, Im not gonna chase any buy for now. I'll allow the herd to take the lead. I'll follow. But I'll follow in between. When several other herds have also taken their positions. Im looking at two possible scenarios = Indicated by the different colours of the arrows. Good Luck!
snapshot
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