FX:USDCAD   U.S. Dollar / Canadian Dollar
405 7 11
- Ichimoku setup is and will be bullish until Price holds above 1,27
- Heikin Ashi signals have been mixed: 2 weeks bearish , 1 week hesitation, last week bullish candle, but very important to see that haDelta has developed a strong negative divergence during this year: despite we had a lot higher high compared to Jan and March peaks, haDelta failed to move to extreme high. HA Oscillator is still bearish .
- Besides the bearish haDelta divergence we can also examine a bearish wedge . This week a bearish HA candle could brek the wedge as well, and extend correction to 1,27 support.

- All October was about trading in the Kumo: nice down, followed by up, but at Kumo top and 1,32 key level price turns down again. This bearish reversal makes a break below Kumo now and also a Price/Kijun bearish cross! This is a quite a strong bearish Ichimoku signal itself.
- Heikin Ashi turned bearish too. It gave first possible reversal signal on 29/Oct (doji-like candle) and got confirmation on next candle. Price action can accelerate below 1,3000-1,3040 area.

Russia announced record all time production.I'm looking for Iran to come on fairly strong.Nigeria,Venezuela,Saudi Arabia,Canada.Everyone going full out during the global slowdown in order to squeeze out remaining profits.I'm looking at the 40 level.Goldman says 20 but I'm not that bearish.Staying Long USD/CAD into year end,buy on pullbacks.Don't forget that rig counts in the U.S. have next to nothing to do with global production output.
" Ichimoku setup is and will be bullish until Price holds above 1,27 " Is it that I'm not understanding the English or what could it be?? I think price is already above 1.27??
Kumowizard05 moorekapital
I assume your english shd be ok, actually it is you not really understand Ichimoku and its multi time frame concept. So weekly is bullish until holds above 1,27. Below 1,27 it would turn to neutral. But on the daily time frame it is turning bearish (counter trend ag. Weekly)
Looks perfect!
Kumowizard IvanLabrie
yeah, pretty nice setup. Of course even this can fail :-)... depends a lot on WTI
IvanLabrie Kumowizard
I'm in a pair trade atm, usdnok short/oil short/eurnok short.
What do you think?
on uptrend one more leg at 1.40 could be cool :-)
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