tntsunrise
Long

USDCAD AB=CD +1.618+ Horizontal Support

FX:USDCAD   U.S. Dollar/Canadian Dollar
4811 22 108
8 months ago
USDCAD             AB=CD Complete at 1.2966
1.618 EXT @ 1.2990
Horizontal Support between 1.2935-1.3042
USOIL             is approaching 40.20 the reversal point
Prepare to Long USDCAD             when price
get into the zone.
You can use multiple entry to create your position:
eg.
1/3 @ 1.2990
1/3 @ 1.2966
1/3 @ 1.2535
SL should be below 1.2900
Taregt: 1.32 and 1.36
8 months ago
Comment: 1.2935 not 1.2535, typo
8 months ago
Trade active: 1.2990 order filled
8 months ago
Trade active: 1.2966 order also filled
8 months ago
Comment: Reversed Nicely and update TP1 AND TP2
snapshot
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ansonchung PRO
8 months ago
1.2535....is that a typing mistake?
Reply
407yanhuxin
8 months ago
1.2535 is a typing mistake, should be 1.2935,
Reply
tntsunrise TOP 407yanhuxin
8 months ago
yes. THANK YOU
Reply
Peter_238
8 months ago
thanks :)
Reply
ansonchung PRO
8 months ago
1.2966 would be a great entry, it is almost aligned with fibonacci pivot point s3.
Reply
MM247
8 months ago
nice sir
Reply
I_see_BTC PRO
8 months ago
Thank you. Your analysis here gives me much more confidence in my own. I'm still bummed about missing your call to short this pair :-) Still a lot of good opportunities here, though.
I think I see a shark completion around your USOIL reversal point. Watching this pair closely
WTI potential bearish shark pattern - daily
Reply
vika111
8 months ago
sell of start from 1.4690 maybe target 1,2690 and later up
Reply
j_amui
8 months ago
Thanks Jack
Reply
sait
8 months ago
usd cad sta scedendo siamo a 1.28824 come di sapere che e finito trend ?
grazie
Reply
sait
8 months ago
USDCAD e un trend ribassista io non ho tanto pratica datimi un aiuto grazie
Reply
tntsunrise TOP sait
8 months ago
english pls....
Reply
thebaface
8 months ago
Hi Jack, i am kinda new to forex but i want to seek some clarification. oil is at 40.2 doesnt that mean a rise in the cad hence as short in the trade?
Reply
tntsunrise TOP thebaface
8 months ago
OIL GO UP, USD CAD GO DOWN. OIL HIT 40.20 FACE RESISTANCE, SO USDCAD is long trade
Reply
forexmech
8 months ago
Got in now @ 1.2991
Reply
FxTyrant PRO
8 months ago
Really looking forward to this trade to turn out well :)

the USDCAD has been falling for 9 weeks straight without any retracements, its horrible...
Reply
FxTyrant PRO FxTyrant
8 months ago
Where best to place Stop Loss??
Reply
dead2live
8 months ago
As a rookie, I'm looking into this. Following good fx fundamentals traders and so expert equities and securities traders.

First, USDCAD (related to oil) is very unstable to predict. Most don't see it breaking 1.32 unless the dollar gets hit hard. All agree that April and August can be favorable to USDCAD because of fuel consumption but agree that fuel consumption does not trump other factors. About a week to ten days stability right now for USDCAD until the OPEC meeting which could change everything in the interim. For the long term, excellent fundamental traders of equities do not see oil remaining, but dropping back. I'm not here to debate oil, that seems controversial, but sharing wisdom of million-dollar traders who willingly gave me their time for speculation on USDCAD. Since you were kind to share your projections, I felt it good to do the same.
Good luck to all.
Reply
tntsunrise TOP dead2live
8 months ago
Thank you. But I dun get your opnion, so you are saying USDCAD going up or down?
Reply
dead2live tntsunrise
8 months ago
CL to 30 then 20/25 imho
Reply
FxTyrant PRO
8 months ago
any chance to get to 1.40 as your chart suggests??
Reply
tntsunrise TOP FxTyrant
8 months ago
TP2 IS 1.4015
Reply
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