FX:USDCAD   U.S. Dollar / Canadian Dollar
492 2
I have started scalps on this pair to observe price action on the sell side and have reversed out of the long at the downtrendline in anticipation of the dollar pullback. If the bearish formation appears, look to break whatever DTL you use and then sell this back to 12906. From that point we will reverse out of that trade at the supply zone and begin to add longs...a lot of longs. Will update. Thanks!!
Order cancelled: This is breaking the pink line.. so I removed the dime lot. Looks like we are headed to upper trendline. I have an active order at 13460. Will catch the sell if we get the bearish formation. Just not getting it so not in the trade yet. Thanks!
Trade active: Got picked up on this one at 13259.. Waiting on news so one off and break even. Looking for 129. Thanks!
Trade active: Selling off the back of the CTL at 13200 send this down to 12910.. Thanks!!!
Trade closed: target reached: The short is closed and I have stop reversed and am now entered long on this trade.
Trade active: I am break even on the long in anticipation of nonfarm tomorrow.
Trade active: Look to add at the back side of this downtrendline... going north back to the pink line. Let it build the uturn for you first by breaking a CTL and then buy it... Happy Weekend!
Trade active: Waiting to get back on the long... Still same entry area.
USDCAD is a tough one since the loonie is so closely correlated to the price of crude. If oil keeps up its rally I expect to see UC head back to the low 1.20's
hope.bleecker michaelquale
right... sold the D on pound canada but I want to see bearish within the channel again and not a bounce north... I would like to catch the long from 129 area... we will see.
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