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
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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!
Wow! This is incredible! It’s dropping like a hammer. By Monday it might get to 1.3025 !
Siegemp555
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It’s in an upmove! Hikes ! I’ll make sure to close more shorts around your area 1.3000 ! Thanks for the update!
hope.bleecker
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@Siegemp555, Totally agreed. you should at least have some profit off of it. It should drop into the .382 fib on the daily so that it can get more buyers on it's way to 137. Just make sure you have profit off and then we'll take the long together.. Thanks!
Siegemp555
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I have 5 more short positions on this. I’m letting it run until 1.2800 ! With the double top at 1.3380, it was telegraphed! Very exciting to pull these 100’s pips with you! Thanks again!
Siegemp555
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Hello! I’ve pulled 110 pips from 1.3271 in 2 positions! Thank you very much and have a great weekend!
hope.bleecker
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@Siegemp555, There you go.. I took one off how about you? Are you break even on your stop or are you out or what are you doing?
hope.bleecker
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@Siegemp555, Pretty obvious trade by yesterday wasn't it. I trade fib levels and that is how I saw it.
IC5
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@HOPE.bleecker, really great trade!
keep it going and I like what your doing there = )
hope.bleecker
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@barook, Thanks! Look at it go! Overdue for a pullback!