simplyfx
Long

USDCAD potentioal short after it shoots back up

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has been in a consolidation since may 2016.after forming a double top , i am currently looking to long this pair back to 136 area.
Comment: time for shoot up? or further down. lets see
Thanks for your great analysis!
Here is my view on USD/CAD if you are interested:

Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).

If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
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@DerekTaylor thoughts on a long here Friday? Check out four hour showing hesitation at the 1.33 support zone.
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DerekTaylor Apostoley
@Apostoley, it's going to be a decisive movement. I am leaning hard towards a long position. if you look at the sell-offs that have occurred in the last 24 hours, they pattern institutional movement. This has occurred prior to non-farm in previous months, leading to a USD surge.
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Apostoley DerekTaylor
@DerekTaylor, yes huge bear wicks should be expected prior to the push
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yea im with u
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simplyfx REDCROWN
@REDCROWN, moved 90 pips, more to come
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OK thanks.
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simplyfx fanders15
@fanders15, you're welcome
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I agree with your analysis. 1 more up I believe. Still to many positives going with the dollar if this pair does in fact correlate with it. I only say that because somebody's youtube video stated that it wont.
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simplyfx cubbies28
@cubbies28, yep. prices are still in the daily uptrend channel. it is at a crucial area right now it could bounce back off from this point, or a potential of the trend break to retest the support!
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