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 tradingview.com/x/U63v2y4G/. 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.
Comments
angrybear168
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what is your stop on this trade? 1.8095?
FX_LAB_PRO
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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
vlad.adrian
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Might be, I don't take into consideration MACD crossings, unless we are talking about a possible divergence.
angrybear168
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by far one of the best chartist/trader on tradingview at the moment.
vlad.adrian
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Thank you, I have to agree with you on this one :))