(This post is to be a collection place/"container" for all CAD - Canadian Dollar - and related pairs. -------------------------------------------------------------------------------------------------------------------
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;
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The CADJPY continues to have an excellent R/R ... ... SHORT Entry here!
... and the 480 min; SHORT
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Here is a good Long Entry for the USDCAD
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Having collected some starters money ;-) looking to load up from here LONG, "for good".
Trade closed: target reached
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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.)
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Buy it up! - LONG
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Sell it off! - SHORT
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We've lightened up (~1/2) a bit here taking +200 pips off the table and moved Stops to 106.50s.
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This - WTI Crude Oil; ... ought to further strengthen the case for sustained CAD weakness
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The EURCAD is very much inline with the anticipated (above) near term CAD weakness; LONG
... and the big(er) picture view;
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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.)
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(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.
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EURCAD - SHORT There isn't much in it's way once this one gets going - down.
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CADHUF - LONG This is about to get going in a hurry.
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USDCAD - Main Chart This was one, strait, no-drama ride for the entire +500 pips. - FLAT
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CADHUF Continuing to rock hard here (Long) with miles and miles still to go!
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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.
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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.)
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Just an update on those EURCAD SHORTs; +3.5% in the past 2 weeks - with 6% more left to go to the initial target.
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EURCAD Closed out the Shorts (Flat), for now, expecting a brief recovery here. (Arrows)
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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
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Here is the Long Entry, one is looking for: 1.3578 - 1.3582
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This has reacted as expected. LONG
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Boom!! "A hundred pips a day, keeps the doctor away!" - Right?! ;-)
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EURCAD Something to ponder IFF it breaks out! (Long)
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Massive SHORT Major break down - Head & Shoulders! If not short yet, wait for a pull back! (There is always a pull back.)
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SHORT H&S break down! Not surprisingly, inline with the almost identical H&S break down in the USDCAD - above.
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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!