tntsunrise
Long

USDCAD AB=CD +1.618+ Horizontal Support

FX:USDCAD   U.S. Dollar/Canadian Dollar
4823 22 108
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
Comment: 1.2935 not 1.2535, typo
Trade active: 1.2990 order filled
Trade active: 1.2966 order also filled
Comment: Reversed Nicely and update TP1 AND TP2
snapshot
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1.2535....is that a typing mistake?
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1.2535 is a typing mistake, should be 1.2935,
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tntsunrise TOP 407yanhuxin
yes. THANK YOU
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thanks :)
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1.2966 would be a great entry, it is almost aligned with fibonacci pivot point s3.
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nice sir
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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
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sell of start from 1.4690 maybe target 1,2690 and later up
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Thanks Jack
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usd cad sta scedendo siamo a 1.28824 come di sapere che e finito trend ?
grazie
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USDCAD e un trend ribassista io non ho tanto pratica datimi un aiuto grazie
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english pls....
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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?
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OIL GO UP, USD CAD GO DOWN. OIL HIT 40.20 FACE RESISTANCE, SO USDCAD is long trade
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Got in now @ 1.2991
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Really looking forward to this trade to turn out well :)

the USDCAD has been falling for 9 weeks straight without any retracements, its horrible...
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FxTyrant FxTyrant
Where best to place Stop Loss??
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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.
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Thank you. But I dun get your opnion, so you are saying USDCAD going up or down?
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dead2live tntsunrise
CL to 30 then 20/25 imho
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any chance to get to 1.40 as your chart suggests??
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TP2 IS 1.4015
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