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
a year ago
thank so much
+2 Reply
IvanLabrie PRO ChatchaiVong
a year ago
Welcome!
Hope we can profit from this one.
I'll probably enter tomorrow or on Wednesday, before NY opens.
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almanshow
a year ago
Hi mate,
what is your target price to enter short?
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IvanLabrie PRO almanshow
a year 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
a year ago
I'm watching this one too ;)
+2 Reply
AndyM PRO
a year ago
Crude + EUR + CAD: all to reverse in one powerful ecstatic impulse :))
+2 Reply
IvanLabrie PRO AndyM
a year ago
Have to wait for it.
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Justiceisfalse
a year ago
Will be interesting for sure
+2 Reply
fcapone
a year ago
Thanks for review. I am short too... waiting for 1.20
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ChatchaiVong
a year ago
now it can sell yes or not
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IvanLabrie PRO ChatchaiVong
a year ago
Not reccomended, wait to enter before the NY session opens.
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ChatchaiVong
a year ago
ok, thank so much
+1 Reply
holy
a year ago
thank you for sharing l pay attention to USDCAD too
+1 Reply
IvanLabrie PRO holy
a year ago
It's a great pair to trade, since it does virtually nothing overnight, and only moves during NY.
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AndyM PRO
a year 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 PRO AndyM
a year 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.
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Gweedy
a year 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 PRO Gweedy
a year ago
It should, but I think usdcad might move faster.
Let's watch both.
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Today's setup:

snapshot
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manijeh.kazemi.33 IvanLabrie
a year ago
thanks jvan
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Going long, low risk entry:

snapshot
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AndyM PRO IvanLabrie
a year ago
oh maaaannnn...
+1 Reply
IvanLabrie PRO AndyM
a year ago
What? Don't like it? ;)
Let's see what Yellen does for us today.
Reply
AndyM PRO AndyM
a year 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 PRO AndyM
a year ago
Hey, it's a 5th up.
I'll take the pips.
Reply
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