Ichimoku_Trader
Short

I think it is now ripe...

FX:USDCAD   U.S. Dollar/Canadian Dollar
1796 37 76
..
Comment: currently @35 pips and still going..
Looking good
Comment: I think that we have now started the move down..
Comment: FOMC is in about 5 hours..
We must exit just before that and maybe find another place to re-enter

So try to catch as many pips by that time as you can. We are now at ~35...
Comment: During FOMC, our trade will still be valid BUT we must manage spikes
Comment: Still valid...
Still in it.
Comment: This chart was updated n a new chart.
Please check the update and note that this chart will no longer be updated
Nice Setup, but it has a very high chance of reversal. Better wait the correction of the trend-break to finish.
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ok
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dmoss Ichimoku_Trader
I missed the sell
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It's been hanging there for 21 hours...
+2 Reply
dmoss Ichimoku_Trader
The downtrend on H1 confirmation retracement was at 1.34 thats what I was waiting for and missed it.
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Good for you..
You should only trade your convictions
No worries, other opportunities will always be there
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lookin weaker, i love topping rollovers
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Let's hope it works ...
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Excellent, this is my view.... lets see how it goes
Key resistance at 1.3425
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Ichimoku_Trader FXPRO_TREND_TRADER
great
+1 Reply
for those that miss the initial entry point, is it a good entry point now?
+2 Reply
Yes ...
Place your stop at 1.34045
+1 Reply
A few pips above it please
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krtan2011 Ichimoku_Trader
we place the SL there because it is the previous high right? thanks, already entered :)
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yes
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krtan2011 Ichimoku_Trader
Hey Ichi, would like to check if we were to reentering now. Do we set it to yesterday's high that was cause by fomc swing or the high at 1.34045?
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Let's keep stops just above the original CL for now..
Remember, today is probably going to be a sideways PA day in preparation for tomorrow's NFP
So no high expectations today but let's try to get a better entry in preparation for tomorrow
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dmoss krtan2011
Stop loss is a little above 1.344
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dmoss dmoss
Just entered trade on 1.341
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good job
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dmoss Ichimoku_Trader
Closed @ 1.399 bearish engulfing failed on H1

If it still goes down ill wait for a retracement
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dmoss dmoss
Sorry 1.339*
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nxtleveltrader Ichimoku_Trader
Ive been watching this pair keenly, i agree with your analysis Ichimoku, looks like its finally breaking down lets see! Thanks for your posts by the way.
+1 Reply
Ichimoku_Trader nxtleveltrader
Great
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rentered, now we have a kumo breakout, ks cross nice momentum candle
+1 Reply
ok
+1 Reply
Excellent work really appreciate all the time you invest in showing us your charts . I am in on this one, appears to be consolidating a little on lower time frames will keep my eye on it - again thanks
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great
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oh good catch, so many things to do today almost forgot about FOMC

TY sir!
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my pleasure
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Thanks for warning about FOMC!
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no worries
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would be very funny to manage it during fomc, but not my case ;)
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good luck
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This 133600 level has been great support. Its gonna take news to bust through it. Nfp should bring the volatility to do so.
+1 Reply
It is the WPP which price tends to hover around during NFP week until the news breaks which is great to know and exploit
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