Trading this long from 1.3205. This is a crown pattern in a channel up. I will see how and if this runs tonight and then will continue to add all the way north to 1.39.
Trade active
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Still running this long off 132. Stop is tight at 131.63
Trade closed: stop reached
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I pulled profit on this yesterday and last night was off at break even. We will try again later on this. Thinking we have a little more down.
Comments
Trader_Dale
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Thanks for your great analysis!
Here is my view on USD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale
TropicalPhil
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I've been holding my long since Friday as well (Y)
Sab
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@TropicalPhil, thanks HB will be looking for up move when it hits 1.30330
I am long on too. Showing 3 drive pattern going up to 139 too so hoping.
hope.bleecker
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@Sab, I am actually thinking we may get stopped on this one. I am looking for a short dollar this week and then a long dollar during the inauguration. I try to see patterns and put those on and just tight stop what I can. I almost never fiddle with trades.. Let's see if it goes. If it goes it goes and if not we will catch the next one. Thanks for your post, Sab!
Cenotaph
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@HOPE.bleecker, running a short on usdchf, seems a strong dollar yes
hope.bleecker
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@Cenotaph, Hey there. Moving slowly just hanging onto it.
Here is my view on USD/CAD if you are interested:
Based on Market Profile (volumes) and Price Action there are two very strong resist/support zones.
The short level (1.3666) is placed where a cummulation before a strong sell-off took place.
The long level (1.2922) is based on strong rejection activity accompanied by huge volumes (seen on the right cummulative volume on the right).
If you are interested there are more Market profile swing and intraday analysis in my profile page. You are very welcome there!
Dale