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?
I am looking for long on this pair.
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Yahia.Awes Yahia.Awes
snapshot
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Yahia.Awes Yahia.Awes
That huge divergence on daily doesn't look like it is time to short this pair.
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Casey_Yeo Yahia.Awes
Thanks for sharing.
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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
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
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.
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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
Why is that so?
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USDCAD: Time at mode downtrend signal update
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Casey_Yeo IvanLabrie
Spot on mate.
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You went long on the breakout?
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IvanLabrie PRO IvanLabrie
What do you think of crude oil and eurusd (and usdchf!)?
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Casey_Yeo IvanLabrie
Looking for long at support
snapshot
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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
yes long based on price action if it got there. i'm short EURJPY though.
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Good stuff, seems like an interesting week's starting.
Good luck!
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Casey_Yeo IvanLabrie
this is an EVENTful week.
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Casey_Yeo IvanLabrie
Crude oil, still favour upside
snapshot
+1 Reply
Time for a retracement:
CADJPY: BOJ might help me short it


Crude:

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That's a buy signal already, but might be a triangle forming.
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Casey_Yeo IvanLabrie
Thanks for sharing that. having difficulty understanding those triangles (time mode?) and 'expiry' concept.
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You can time the swings duration basically, and the triangles are projected time and price targets.
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Casey_Yeo IvanLabrie
sounds like fibo?
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Casey_Yeo Casey_Yeo
but with time component?
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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
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Casey_Yeo IvanLabrie
No. I dont trade breakout.
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Casey_Yeo IvanLabrie
You are doing very well on this long trade now mate.
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It looks promising but I already got out.
I sold eurusd, and waiting for a retracement to re enter here.
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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
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. I will start thing bearish after close(at least daily) below 1.19100.
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