Nemo_Confidat

Canadian Dollar - CAD - pairs

Nemo_Confidat Updated   
FOREXCOM:USDCAD   U.S. Dollar / Canadian Dollar
(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs.
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After weeks of consolidation near the bottom of a rising, long-term, weekly price trend channel, the USDCAD looks to be poised for a near-term, +500 pt topside breakout, toward visible targets around the 1.3650s level.
The well-formed, large bullish Wedge further suggests a potentially swift, upward price move.

The USDCAD Daily;
Trade active:
The CADJPY continues to have an excellent R/R ...
... SHORT Entry here!

... and the 480 min;
SHORT
Trade active:
Here is a good
Long Entry for the USDCAD
Trade active:
Having collected some starters money ;-)
looking to load up from here LONG, "for good".
Trade closed: target reached:
Having reached the short target for +150 pips
FLAT, for now. Looking to load up Short just below 107.00.
(One could also go long here for ~50 pips but there are bigger fish to fry out there.)
Trade active:
Buy it up! - LONG
Trade active:
Sell it off! - SHORT
Trade active:
We've lightened up (~1/2) a bit here taking +200 pips off the table
and moved Stops to 106.50s.
Comment:
This - WTI Crude Oil;
www.tradingview.com/...9QjBu-Crude-Oil-WTI/
... ought to further strengthen the case for sustained CAD weakness
Trade active:
The EURCAD is very much inline with the anticipated (above) near term CAD weakness;
LONG

... and the big(er) picture view;
Trade active:
The GBPCAD (a cousin to the EURCAD - above);
is also a strong BUY - LONG here. (... however,
an ever so slightly lesser Long than the EURCAD.)
Comment:
(All ought to be loaded Long - first post - , 2 weeks ago.)
Still cruising according plan (... +250 pips later ;-).
Stick with it! There is plenty more to go.
Trade active:
EURCAD - SHORT
There isn't much in it's way once this one gets going - down.
Trade active:
CADHUF - LONG
This is about to get going in a hurry.
Trade closed: target reached:
USDCAD - Main Chart
This was one, strait, no-drama ride for the entire +500 pips. - FLAT
Comment:
CADHUF
Continuing to rock hard here (Long) with miles and miles still to go!
Trade active:
CADCHF
Following that Head & Shoulders break down last year, this pair just finished the full extension of the same;
LONG - With 2 very clean upside targets.
Comment:
CADCHF
This is up +4% (+62 Net, levered) since the (directly) above LONG mention. - With miles and miles still to go!!
Continue to ride it like a rented mule. (This, and the CADHUF, Long are by far our two largest FX positions.)
Comment:
Just an update on those EURCAD SHORTs;
+3.5% in the past 2 weeks - with 6% more left to go to the initial target.
Comment:
EURCAD
Closed out the Shorts (Flat), for now, expecting a brief recovery here. (Arrows)
Trade active:
USDCAD
At present, everything is working against the CAD here.
E.g. a run at the 1.40 level is quite possible from here!
LONG
Trade active:
Here is the Long Entry, one is looking for: 1.3578 - 1.3582
Trade active:
This has reacted as expected. LONG
Comment:
Boom!!
"A hundred pips a day,
keeps the doctor away!"
- Right?! ;-)
Trade active:
EURCAD
Something to ponder IFF it breaks out! (Long)
Trade active:
Massive SHORT Major break down - Head & Shoulders!
If not short yet, wait for a pull back! (There is always a pull back.)
Trade active:
SHORT H&S break down! Not surprisingly, inline with the almost identical H&S break down in the USDCAD - above.
Comment:
IMPORTANT to Note - Weekly;
The USDCAD is also breaking off of a 1 year Triple Top, pointing to a sustained, long term decline toward 1.2500. Keep that in mind!

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