IvanLabrie
Short

USDCAD: Fundamental shockwaves and bearish setup

FX:USDCAD   U.S. Dollar/Canadian Dollar
Analysis on chart.
We've reached the time at mode uptrend targets, but there's still time left in the 16 bar uptrend.
The news events this week are potentially devastating for the USD longs, so I'll be looking to go short asap             depending on the price action around said events.
I'll update once I pull the trigger.
Good luck,
Ivan.
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Equities and Commodities. Contact: skype @ ivanlabrie, PM here or QQ (2954487803).
This ones coming down
Reply
ChatchaiVong
2 years ago
thank so much
+2 Reply
IvanLabrie ChatchaiVong
2 years ago
Welcome!
Hope we can profit from this one.
I'll probably enter tomorrow or on Wednesday, before NY opens.
Reply
almanshow
2 years ago
Hi mate,
what is your target price to enter short?
Reply
IvanLabrie almanshow
2 years ago
More like target conditions.
I need to see price validate a bearish setup tomorrow.
Pound Cad is the other trade I'm watching to short.
+1 Reply
almanshow IvanLabrie
2 years ago
I'm watching this one too ;)
+2 Reply
AndyM PRO
2 years ago
Crude + EUR + CAD: all to reverse in one powerful ecstatic impulse :))
+2 Reply
IvanLabrie AndyM
2 years ago
Have to wait for it.
Reply
Justiceisfalse
2 years ago
Will be interesting for sure
+2 Reply
fcapone
2 years ago
Thanks for review. I am short too... waiting for 1.20
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ChatchaiVong
2 years ago
now it can sell yes or not
Reply
IvanLabrie ChatchaiVong
2 years ago
Not reccomended, wait to enter before the NY session opens.
Reply
ChatchaiVong
2 years ago
ok, thank so much
+1 Reply
holy
2 years ago
thank you for sharing l pay attention to USDCAD too
+1 Reply
IvanLabrie holy
2 years ago
It's a great pair to trade, since it does virtually nothing overnight, and only moves during NY.
Reply
AndyM PRO
2 years ago
I think Crude is working a double zigzag with a flat in B of C. CAD might be doing the same, so there might be a risk of an upswing in it later. What makes me think the down movement in Crude is incomplete is the lack of decisive final impulse down. I see an attempt to go up, but I don't see the definitive completion of the movement down. This means there is some premature bullish mood in the crowd which hasn't been punished yet by the market and it will eventually be addressed.
snapshot
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IvanLabrie AndyM
2 years ago
Yes, pending completion of the fourth wave of B in the USDCAD 4th.
Then a 5th up matching that X then a strong leg down probably.
Reply
Gweedy
2 years ago
If you're interested Ivan, the pound is showing weakness this morning and GBP/CAD almost just reached 2.0.
Having the CAD data coming out today i would guess bulls are taking profit and that pair should be a shorting opportunity along with USDCAD.
cheers!
Reply
IvanLabrie Gweedy
2 years ago
It should, but I think usdcad might move faster.
Let's watch both.
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IvanLabrie
2 years ago
Today's setup:

snapshot
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manijeh.kazemi.33 IvanLabrie
2 years ago
thanks jvan
Reply
IvanLabrie
2 years ago
Going long, low risk entry:

snapshot
Reply
AndyM PRO IvanLabrie
2 years ago
oh maaaannnn...
+1 Reply
IvanLabrie AndyM
2 years ago
What? Don't like it? ;)
Let's see what Yellen does for us today.
Reply
AndyM PRO AndyM
2 years ago
No no, everybody's free to do whatever...
I'm just not a fan of going long in the 5th of the 5th of C of C ))))
Reply
IvanLabrie AndyM
2 years ago
Hey, it's a 5th up.
I'll take the pips.
Reply
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