USD Canada has recently formed the B high of it's latest up ABCD pattern. Look for pullbacks into 132.. reassess and then maintain the sell to 131. Should provide at least that type of a drop into the .382. we will see if we get it. I sold it on the top on Friday and am now adding into it. The Friday news provided an incredible opportunity to get on that one, as well as the pound canada. So I am short those. Will update you before the close. Stop has to be above the B high. Thanks! Will update prior to the close at 11 a.m. on Twitter feed. @hope_bleecker (Elpidos Trading)
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Still on.. I am on this more or less because of the canadian currency and not so much because of dollar. You are at a structure on your dollar that could cause it to fall. However with the trade wars escalating, I am not leveraged very high right now and am considering long hedges... GDP comes out in a few minutes. If you feel like you need to pull to break even, I understand. I am leaving this.
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YAY! You should be holding this. Here is your first target at 132. take some off....xo
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People who are trading this? how many pips do you have on this trade? See the usefullness of the stop?
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I've got 125. I have one off break even going into the weekend. It can do what it wants to do but break even now.
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YAY, YAY, and double YAY is all that I can say. Love the B high formation.. it's in an upmove, but what we are doing is heading for the C. This can go as low as about 13050. whether it makes it there or not is insignificant because we are well positioned and we are holding. So it it drops, it's icing on the cake and if it comes back it's logged as 100 pips.
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HA! Here comes 131! If we hit that today I am closing so that I can bank that for the month! HAHA!
Trade closed: target reached:
off this and eyeing a pullback for the long. I'm not really intersted in getting anything long this week. Going to watch tonight and will let you know if I am on. Thanks!
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Time to look long on this one... going to 134