IvanLabrie
Short

USDCAD: I'm a (brave) oil buyer

FX:USDCAD   U.S. Dollar / Canadian Dollar
2135 views
43
2135 36
This is a quarterly resistance so I consider it interesting to try considering the downside potential in this juncture.
If we were to cross my stop, we'd have to see how it fares against the next red zone above.
I'm thinking this is a significant low in the stocks and oil , and thus, a great chance to short USDCAD when there're no oil bulls left. Someone's holding all these giant CAD positions, and it's bleeding massively, they have to get squeezed soon, and I think the time is now.

If interested in receiving signals for Forex, Bitcoin , Stocks and Commodities , contact me privately for more information.
We're trading multiple markets, in the short, intermediate and long term with my group.

Cheers,

Ivan Labrie.
Jan 17
Trade active: Seems to be working.
Jan 19
Trade closed manually: I covered at 1.445 today, didn't manage to update before.
Looks like we're headed up. If short and losing get out asap.
Target: 1.46981
Jan 19
Comment: (I'm long btw)
Jan 20
Comment: Closed long at 1.465, had stop at entry for remaining 25% of position (got stopped at BE)
Now it's looking a like a top here.
Feb 03
Comment: Talk about a good call...Shame my stop was too tight here.
Mar 06
Trade closed: target reached
If you're interested in joining my trading newsletter or private lessons, message me. I trade Forex, Crypto, Equities and Commodities. Contact me here or @ http://www.fb.me/LabrieTrading
Agree with most recent comment - big time.
Reply
London selling, looking good.
Reply
M4B0X. M4B0X.
Update:
target hit:
Reply
Yes, currently a support. There's some upside left in crude though.
+1 Reply
You are very brave... I am also short too long oil... I do agree this should be a tech turn for a little bit. Do not know how much we will get out of it... will find out soon...
+1 Reply
Should look into XLE if you think we're reversing now
Reply
This one's a nicer trade...I also have TSLA longs already, and others in my portfolio. No need for XLE, personally.
Reply
Lanmar IvanLabrie
It is only nicer if your target is reached, which I think is far too ambitious at this time.
Reply
Targets are just systematic...I don't care if not hit, the stop is tight. Any multiple of my initial risk is money.
Reply
Lanmar IvanLabrie
I hear that
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out