Tom_Killick

USDCAD: In My Opinion A Mere Markdown Against The Bigger Picture

FX:USDCAD   U.S. Dollar/Canadian Dollar
595 17 10
Traders,

I think this a mere markdown in the bigger picture.

Oils large rise in price has been responsible for the CAD selloff. But I am not worried in the slightest. I am not shorting the pullback and I will wait for a long..

Only when the long term trendline has been broken (That or fundamental beatdowns) I will consider being a bear.

Shorting now is a bit like eating like a bird, and pooping like an elephant...

Tom
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Waiting to long now...got an update Tom?
Reply
Great VISION, Tom!
USDCAD: THINK BIG!
Reply
moorekapital moorekapital
" Only when the long term trendline has been broken (That or fundamental beatdowns) I will consider being a bear .

Shorting now is a bit like eating like a bird, and pooping like an elephant...
" I LOVE THESE WORDS ;) # though.
+1 Reply
IvanLabrie PRO moorekapital
This guy's smart...also funny as hell.
Have a great weekend gentlemen.
+1 Reply
Thanks Ivan, that's extremely kind :)
Reply
So you don't see the Lower Low and the Lower Highs in Daily already... same for USD. It could go up, but at this point is not what it says.
Reply
Tom_Killick PRO Baseball350
Yes I see those lower lows and higher highs.. Turn your attention to 17th June 2015, where we had a lower low and a blatant lower high... This was the beginning a new uptrend. Using your logic, you would been short and probably got F'ed because you don't understand where you are in a trend.

Tom
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Baseball350 PRO Tom_Killick
I guess time will tell. Best of luck mate.. ;)
Reply
Tom_Killick PRO Baseball350
Best of luck with all your trades :)

King regards
Tom
Reply
Pair printed a lower low @ 1,2831 (against former low @ 1,3016) and now prints a lower high (probably). For me this is downtrend until proven otherwise.
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