Akil_Stokes

USDCAD: Outlook on CAD (Live Trading Room Live Stream)

FX:USDCAD   U.S. Dollar/Canadian Dollar
USDCAD             has been a frustrating pair for pattern traders, however it has been exceptional for trend following/continuation traders over the past few years.

What I'm looking for hear is a move back down to the $1.40-$1.38 level for another buying opportunity. I know, I know, that's a ways away, however because of that prediction it also sets up the opportunity to look for shorting opportunities in anticipation of that level.

Today in my live trading room we'll be breaking down this pair and seeing if any of those short opportunities exist on the lower time frame. You didn't hear it from me but I may be live streaming the first few minutes of today's Live Trading room so that you can see the analysis. Just head over to my Youtube page around 8:00am New York time.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
http://www.TradeEmpowered.com -The Premier Online Trading Education Company
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Paul-FXTC Paul-FXTC
Hey Akil, Thanks for answering, how do you see the USDINDX, it seems like the News will catalize more downside ?
+1 Reply
I have no clue what the news will bring. I'll just wait until it happens and base any trades off of what the chart tells me
Reply
USDCAD Continuation of the Impulse
+1 Reply
Thanks for sharing your idea
Reply
Paul-FXTC Akil_Stokes
thanks for accept that
+1 Reply
No problem, that's what this site is for. For different traders to see different outlooks on the markets and hopefully learn from it
Reply
USDCAD is dead?
+1 Reply
with the fomc later today I think the entire market will be dead
Reply
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