piphunters
Long

USDCAD: Short term buy opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
1014 11 32
The pair looks like the downside maybe exhausted and the current structure it's developing may turn out to be an ending diagonal and if so this is the end of the recent down move and we will start another lag to the upside.
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JackyW
8 months ago
cool man~! agree with you. i'm at 2860.
+1 Reply
piphunters JackyW
8 months ago
thanks and good luck!
Reply
farid_ardavani
8 months ago
Im waiting for a buy opportunity too
snapshot
Reply
Looks reasonable. And I think you are correct in that the bounce may only be to the top trendline. There is a lot of downside pressure on this pair. It will depend on whether OIL and GOLD are making temporary tops.
Reply
piphunters peterdcharlebois
8 months ago
let's see
Reply
TomPower
8 months ago
A 20% decline in a few months. The chart looks like K2 in Nepal. It traded below that lower trend line now
Reply
piphunters TomPower
8 months ago
yes
Reply
Homiya
8 months ago
Gr8 I'm long @ 1.2759
Reply
piphunters Homiya
8 months ago
this idea not valid anymore! it broke down.
Reply
Homiya piphunters
8 months ago
CAD rate remained unchanged @ 0.50. This may add few longs on the board.. Anyway I got my risk covered.. Thanks..
Reply
piphunters Homiya
8 months ago
now it's technically going down in my view and I would only be interested in a sell setup for now
Reply
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