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?
hi, until the weekly hammer holds I will watch here for shorterm upside. There are few buy signals in daily, divergence . I will start thing bearish after close(at least daily) below 1.19100.
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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.
+1 Reply
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.
+1 Reply
IvanLabrie Casey_Yeo
Oh, I see.
I'd rather go long from here, we'll see soon enough.
I anticipate a gap up open today.
Reply
Casey_Yeo IvanLabrie
Why is that so?
Reply
IvanLabrie Casey_Yeo
+1 Reply
Casey_Yeo IvanLabrie
Spot on mate.
Reply
IvanLabrie Casey_Yeo
You went long on the breakout?
Reply
IvanLabrie IvanLabrie
What do you think of crude oil and eurusd (and usdchf!)?
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Casey_Yeo IvanLabrie
Looking for long at support
+1 Reply
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