vlad.adrian
Long

USDCAD 2014 summer long - update 1

FX:USDCAD   U.S. Dollar / Canadian Dollar
374 7 7
I have posted a weekly chart of USDCAD             saying that we are still in an uptrend 2 months ago. Today, that chart is still valid. Here is the current weekly picture . Everything is pointing up.

After spotting the uptrend, it was a matter of execution. On 02.07.2014 there was a piercing line pattern. Although that's not enough for a long, the fact that price was at an extreme deviation from value made me bullish enough to go long. The adding was not so fortunate, it was done on some news, don't remember what they were.

Now I believe that it is time to add again. I've been waiting for more than a week to see USDCAD             go down to this excellent support area . I have added on Friday, and I will add again at the first bullish candle. I'm looking for further gains on USDCAD             .

You can find previous charts in the linked charts section.
what is your stop on this trade? 1.8095?
Reply
But the MACD is crossing down. The previous two ideas your post fit the MACD under your chat.
But this one, seems too early to buy
Reply
vlad.adrian FX_LAB_PRO
Might be, I don't take into consideration MACD crossings, unless we are talking about a possible divergence.
Reply
by far one of the best chartist/trader on tradingview at the moment.
Reply
vlad.adrian angrybear168
Thank you, I have to agree with you on this one :))
Reply
warmandfuzzy angrybear168
Agreed!
Reply
Agree
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out