tntsunrise
Short

USDCAD THREE LEAVES PATTERN

FX:USDCAD   U.S. Dollar/Canadian Dollar
1772 13 61
This Pattern looks like a Trefoil
-- Just like Adidas Logo . right?

we can enter a short position after it breaks
the 3rd Leaf!
Trade closed: target reached: Target hit 1.3855
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Nice. Very precise Mr. TNT. I followed you but did not have the courage to hold and was out early with a small profit.
Reply
Seems like a top, may down to 1.37 area
Reply
Good Trade, why USD/CAD goes down while USD/CHF goes up ?

aren't they coorelated ?
+1 Reply
Mughal2657 EL_KHIBRATTOR
OIL
+1 Reply
Mughal2657 Mughal2657
TRADE ON GAP
Reply
tntsunrise TOP EL_KHIBRATTOR
not really. CAD follow the oil
+1 Reply
Mughal2657 tntsunrise
absolutely wright CAD follow the OIL i think CANADA's 25% GDP based on OIL is that wright?
Reply
Link77 PRO Mughal2657
Yes, Canada's GDP is mostly oil weighted. CAD will always follow oil except during financial events such as interest rate announcements or data releases. These re-balance the price and then CAD is locked back to oil. Unfortunately, Canada has a very limited economy, thus the oil lock.
Reply
WilliamsAdegbola EL_KHIBRATTOR
I used to wonder why too. Don't always expect correlated pairs to always correlate!
Reply
Hi, do you think this pair has hit the top for the long term, or is it gathering steam to continue up? I got short at 1.39956 on the 18th, and wondering if I should hold or take profit. Thank you for your input!
Reply
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