FX:USDCAD   U.S. Dollar / Canadian Dollar
357 4 23
Details on chart.
Comment: 2nd Entry 1.291
Comment: Stay long we are going for 1.34 and high after consolidation!
Comment: This trade require some time.. but usdcad is going for 1.35 and high!
Comment: Remaining below 1.31 can again go for 1.29 as well..

Comment: Break of yesterdays high will smooth road for 1.325 intially..
Comment: and if there will be no break then we will be back in broad range of 1.31 and 1.28
Comment: 1st major success for bulls as it has taken out 1.31.. stay long we will target 1.35 in coming time!
Comment: Closed 1st entry from 1.30 at 1.3127 with 127 pips profit and now 2nd entry floating from 1.291
Comment: It is now close to 2nd resistance of today 1.3194..
Comment: Trading below 1.32 is still bearish and it can get pullback again towards 1.306 or 1.30 on Monday. Break of 1.32 would be positive.
Comment: We have 2nd big break now... 1.32 is taken out.
Comment: Apart from swing setup.. usdcad has very bullish setup for today.. which suggest going above 1.317 for today.. it has taken downside.. now upside.. Only break of 1.30 will be bearish.. above it can rock
Comment: Nice upside.. 1.35 still intact!!!!!!!
Comment: Break of 1.32 will be another break... many buy stops there that will push price more high..!!!
Comment: Buy usdcad on pullback towards 1.3125 on monday.. we have Tripple bottom now at 1.30 and neckline of 4hr double bottom is 1.314/45.. so buy pullback will be great opportunity for long position... Other thing.. i am not expecting usdcad to take now leap jumps as on friday because as per daily chart.. it make long candle and then make turtle walk.. so though it will go for highs but at same time i am expecting pullbacks as well as per last daily chart candles..
Comment: So usdcad back under 1.30!!! I was expecting this move and i shared 3 days ago that as per its daily chart.. every time it makes long big candle upside then it retrace 70 to 100% and then move up... keeping buyers and sellers both in consolidation.. For today, we have crude oil inventories data and oil is on brink to slide down below 43.3.. but as far as it is above 42.. oil is bullish intrday. I am expecting now move up towards 1.322 as it has taken down retracement as per daily chart and expecting oil to slide down.. remaining market will tell.
Comment: Out from longs...
Comment: Market seems preparing to break 1.30... and upon clear break road of 1.24 will be opened and if upside break of 1.32 then 1.35 and even 1.40.... lets see where market crack today.
Comment: I am having now short position in usdcad.. lets be it as if it dont want to rise.. or i will be scrambled out if there will be upside
Comment: As said yesterday, that market wants to break 1.30.. and today we have clean breakout.. i know see 1st downside target 1.27 and then 124..
+1 Reply
good dear
+1 Reply
Hello 1.35 target now? thx.
newbie2016 djenechek
near term target is 1.325. simple strategy buy on dips once it crack 1.32
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