FX:USDCAD   U.S. Dollar/Canadian Dollar
Price broke and closed below the up trend line last week but did not manage to close below support level 1.1940.
Price pushed back towards the broken up trend line and got rejected last Friday forming a pin bar.
Will this finally pushes price below 1.1940 decisively and out of the recent consolidation?
Yahia.Awes
2 years ago
I am looking for long on this pair.
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Yahia.Awes Yahia.Awes
2 years ago
snapshot
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Yahia.Awes Yahia.Awes
2 years ago
That huge divergence on daily doesn't look like it is time to short this pair.
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Casey_Yeo Yahia.Awes
2 years ago
Thanks for sharing.
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Nightwish
2 years ago
As you know, we call these pin bars - Pinocchio bar. Longer the nose ( wick ) - bigger the liar :) If this was a hammer I would worry. Any good price should be sold. Cheers
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Casey_Yeo Nightwish
2 years ago
If this was a hammer I would want to buy. I wont worry about it. :)
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Going short because of one bar here isn't a good idea in my opinion.
Do you see crude coming back up as well?
I don't.
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Casey_Yeo IvanLabrie
2 years ago
Mmm...no where did I mention I'm going to short based on that pin. I won't short right into support here. Price is not at a value area to short yet. This is just general observation with a question at the end. I will have show entry, SL and TP if setting to trade.
+1 Reply
IvanLabrie PRO Casey_Yeo
2 years ago
Oh, I see.
I'd rather go long from here, we'll see soon enough.
I anticipate a gap up open today.
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Casey_Yeo IvanLabrie
2 years ago
Why is that so?
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IvanLabrie PRO Casey_Yeo
2 years ago
USDCAD: Time at mode downtrend signal update
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Casey_Yeo IvanLabrie
2 years ago
Spot on mate.
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IvanLabrie PRO Casey_Yeo
2 years ago
You went long on the breakout?
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IvanLabrie PRO IvanLabrie
2 years ago
What do you think of crude oil and eurusd (and usdchf!)?
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Casey_Yeo IvanLabrie
2 years ago
Looking for long at support
snapshot
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IvanLabrie PRO Casey_Yeo
2 years ago
Might be a good one. I'm short until we hit that level, then will decide if I want to go long or not based on price action.
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Casey_Yeo IvanLabrie
2 years ago
yes long based on price action if it got there. i'm short EURJPY though.
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IvanLabrie PRO Casey_Yeo
2 years ago
Good stuff, seems like an interesting week's starting.
Good luck!
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Casey_Yeo IvanLabrie
2 years ago
this is an EVENTful week.
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Casey_Yeo IvanLabrie
2 years ago
Crude oil, still favour upside
snapshot
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IvanLabrie PRO Casey_Yeo
2 years ago
Time for a retracement:
CADJPY: BOJ might help me short it


Crude:

snapshot


That's a buy signal already, but might be a triangle forming.
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Casey_Yeo IvanLabrie
2 years ago
Thanks for sharing that. having difficulty understanding those triangles (time mode?) and 'expiry' concept.
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IvanLabrie PRO Casey_Yeo
2 years ago
You can time the swings duration basically, and the triangles are projected time and price targets.
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Casey_Yeo IvanLabrie
2 years ago
sounds like fibo?
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Casey_Yeo Casey_Yeo
2 years ago
but with time component?
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IvanLabrie PRO Casey_Yeo
2 years ago
It's more related to market profile but not the same thing. I've had good results with it so far. Gives very objective clues and a nice if - then - else framework. Always cool to exchange ideas here. Off to bed. Good night
+1 Reply
Casey_Yeo IvanLabrie
2 years ago
No. I dont trade breakout.
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Casey_Yeo IvanLabrie
2 years ago
You are doing very well on this long trade now mate.
+1 Reply
IvanLabrie PRO Casey_Yeo
2 years ago
It looks promising but I already got out.
I sold eurusd, and waiting for a retracement to re enter here.
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itaskar
2 years ago
hi, until the weekly hammer holds
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I will watch here for shorterm upside. There are few buy signals in daily, divergence
snapshot
. I will start thing bearish after close(at least daily) below 1.19100.
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