FX:USDCAD   U.S. Dollar/Canadian Dollar
29640 151 422
a month ago
Hi Guys , the USDCAD             is in a daily correction so at some point it will fall hard. I am taking all the sells I get at the top since one of them will be the start of the daily down impulse. So far the last two were amazing sells but not the impulse i am looking for , hope this one is !

Trade with care
Thank you for your support.
a month ago
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a month ago
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a month ago
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a month ago
Comment: Ok Top broken ,trade closed, now I will wait to see what pattern it makes
a month ago
Comment: OK so here it go again if you are not in
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a month ago
Comment: A bigger view, I will follow this up all the way with updates, so set your profile to get instant message.
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a month ago
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a month ago
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a month ago
Comment: lower time frame structure needs to break to exclude one more move up.
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YouTube: https://www.youtube.com/channel/UCmvABDWwbqRvh0QGAf-86_Q/videos
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Training : add to skype mangal457
lencanoot
a month ago
Hi Anil - What do you mean by this: "I am taking all the sells I get at the top since one of them will be the start(..)"?
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nxtleveltrader lencanoot
a month ago
Sell setups at the top of the Daily correction structure im guessing Lencanoot.
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DennisPTran07 lencanoot
a month ago
I think he means when he sees a sell possibility he will take it
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sailboatevanmoser PRO lencanoot
a month ago
every time it gets to the top, and you get a sell signal, Sell it.

In correction, there will be a lot of back and forth as the pair is consolidating (gathering energy for the push down). You dont know and dont care when the actual one is. You sell when you get the opportunit. (see when it gets to the top and ride it down). rinse and repeat. On one of these, it will be amazing ride all the way down.
+1 Reply
lencanoot sailboatevanmoser
a month ago
Then right now you have another sell moment. And maybe tomorrow when it gets higher -again-. Let's see where this pair goes.
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margaux
a month ago
Hi Anil, Thank you for your comments and suggested set ups. But the USD/CAD seems to be on a bullish tear upwards as well? But I am a beginner here and cannot analyse this in detail. What is your target for a fall in USD for this pair and if I look for a sell set up, do I look at a point towards 1.34 or 1.35 or?
What range is "at the top"? Thank you, Margaux
+3 Reply
Ruben68 margaux
a month ago
Take a look at the daily chart. There was an impulse down. Now we are near the end of a long-term correction. Soon it will break and continue the downtrend
+2 Reply
nxtleveltrader
a month ago
Thankyou very much Anil sounds good to me!
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ruthrajamanie
a month ago
Thank you for sharing. It was on our radar for so a few weeks now and hope it finally does what we want.
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adilnaqvi000786
a month ago
thanks anil for such an amazing overview.one day i ill join you as a student.thanks
+2 Reply
Thanks Anil, Rising wedge!
+3 Reply
judderod
a month ago
Thanks for sharing your idea Anil, hope you don't mind me showing where I'm looking for an entry based on your analysis.
USDCAD sell setup
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anilmangal TOP judderod
a month ago
Thanks for sharing.
+8 Reply
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Jor4hub santoroma
a month ago
Sold from top
+1 Reply
anilmangal TOP Jor4hub
a month ago
nice!!
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Jor4hub santoroma
a month ago
No
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saro2018 santoroma
a month ago
?? trading is all about probabilities, their is no 100% that the market behaves like the analyst may say, furthermore trading is all about risk management, please don't write such BS...!!
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JovanVeskovic
a month ago
I'm short! Thanks
+1 Reply
saro2018 JovanVeskovic
a month ago
too early in my opinion. Their is no confirmation for the next short move yet...
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JovanVeskovic saro2018
a month ago
Upsss:)
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munirnadir
a month ago
This correction can continue till 1.3500
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Jor4hub
a month ago
F##k yeh
+1 Reply
Do you even trade or just take analysis are you copying do you have a trading plan ? if you thin anil makes you loose money you clearly haven't traded long enough to follow him
+1 Reply
Kumail
a month ago
Awesome Crude Oil report which follows the structure :o ..nice!
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Zohaib_Malik
a month ago
still in the correction
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ivn96
a month ago
Hello! Will you post an update ?
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rachni2112
a month ago
guys like mr anil said before if you don't know what sell setup means don't trade , he said sell setup he didn't said sell now so please stop doing comment just to say you are here and just to be noticed if you don't like his analysis just stop following him it is simple
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Kumail
a month ago
Just extending lines from Anil's initial chart. What is expected in this scenario?

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Kumail Kumail
a month ago
Interesting! I wonder if it's going to get "squeezed" out!

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(Disclaimer: I know very little about trading, structure, patterns, etc.)
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Kumail Kumail
a month ago
Not sure what it meant really, lol:

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Rnefr
a month ago
so I'm thinking that the Oil may plummet and also that BoC is going dovish,
talking about QE and the like, their economy is somewhat losing traction.
meanwhile, US economy is expanding and,
USD is the most bullish thing around, and you're trying to sell it .
I understand that the trade is based on technical trading plan and not fundamental analysis.
but this is some of the risk,
+3 Reply
anilmangal TOP Rnefr
a month ago
and the price of rice in vietnam has fallen ,the president of kakwana says he is not sure the world crisis will be solve in the generation , i am worried the USA is too close to canada and that might cause oil price to go down , IF the prime minister of Japan catch a cold we will all be in big trouble .
+31 Reply
j_amui anilmangal
a month ago
Hahaahahaha I can't stop laughing. Anil, you have a good sense of humour as well. Continue bringing it up we will study what you bring and trade according to plan. Thanks
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senejani.ali anilmangal
a month ago
Nice one :D
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lynersen PRO anilmangal
a month ago
Exactly :D
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Rnefr anilmangal
a month ago
Haha ok
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Jimmy212 PRO anilmangal
a month ago
Hahaha brilliant, i wonder what great Britain's prime minster had for breakfast this morning because GBP is going up!
+2 Reply
hush320 anilmangal
a month ago
Hahaha. Nicely put joke Anil. Im glad u have a sence of humour
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judderod Rnefr
a month ago
lol. I'm not an advocate of candlestick reading by itself, but if you check the daily chart of the dollar index, we have a shooting star followed by a hanging man. That could be a sign of dollar weakness to come.
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TrademarkFX Rnefr
a month ago
Currently, Brent and WTI are poised to shoot up, according to my technical analysis (massive divergence detected) maybe next week. If you want to put emphasis on any correlation then that is all I could find. If Oil goes up then, naturally... the possibility exists that the USD/CAD would drop. Personally, I trade each pair, indices, commodity, etc separately. Looking at too many things all together just creates noise. Just my thoughts.
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RogerLee23
a month ago
good
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AlbertBa PRO
a month ago
you're fighting the market now, all you can get - is loose
+2 Reply
anilmangal TOP AlbertBa
a month ago
??
+6 Reply
AlbertBa PRO anilmangal
a month ago
!!
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anilmangal TOP AlbertBa
a month ago
good luck with your buy
+1 Reply
AlbertBa PRO anilmangal
a month ago
dont need it. I need it more.
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AlbertBa PRO AlbertBa
a month ago
you need it more
+1 Reply
Lighthouse PRO AlbertBa
a month ago
Loose?Lose?Loss? or else.....???
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Di Zhong
a month ago
If the former high, the model also set up?
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albertos
a month ago
Thanks Anil
+2 Reply
winerstep
a month ago
What you propos short signal intrday ...target 1.33200 ?
+1 Reply
nglan
a month ago
Thank you!
+1 Reply
Nobody is fighting the market ''AlbertaBa'' it's called having a plan. Sometimes one has to fire two or three shots before hitting the target.
And if one has a tight ''Money Management plan then a lose should not bother the Account to much.
+1 Reply
anilmangal TOP OmarDjurhuus
a month ago
So far the last two sells were amazing!! this one still looks good, let's see.
+7 Reply
OmarDjurhuus PRO anilmangal
a month ago
Yes it's a good setup!! I'm in from yesterday awaiting patiently...
+1 Reply
Kumail anilmangal
a month ago
:)
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senejani.ali
a month ago
Thanks for the update Anil. Price seems even better now to add to it.
+1 Reply
lynersen PRO
a month ago
Looks like it will be on target soon
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+1 Reply
SebastianFlorea lynersen
a month ago
what is the target ?
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lynersen PRO SebastianFlorea
a month ago
I am not the right person to ask for the final target destination - Anil would have more knowledge about this.
My point of view with above is, that it will cross/break the triangle which will start the sell setup. That is my first target - to enter at that point.
Concerning target point. At first I would look for 1,32786 - the lowest low in this correction wave. I assume it will break this - and then it could go all the way down to the red line.
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SebastianFlorea lynersen
a month ago
thank you for your input
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lynersen PRO SebastianFlorea
a month ago
You are more than welcome Sebastian. By the way - I have made my trade active.
+1 Reply
OAKS PRO lynersen
a month ago
so lynersen, i think the wedge is already break out, but in your chart... it is still not yet... maybe this is key part for the next trading with this pair

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lynersen PRO OAKS
a month ago
Hi Oaks,
It actually has broken the blue line - which was the point of interest for me = trade active for me :)
You might be rigtht - that we will see a bullish trend the coming weeks, before a bigger downturn. I do not see it tough - I believe it will be bearish from here, but it will certainly be interesting to follow :)
+1 Reply
CarlosFajardo
a month ago
Thanks
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CarlosFajardo
a month ago
Thanks
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OAKS PRO
a month ago
Hi anil master, i think it is a consolidation part after a BO, perhaps more possible break up IMO
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then in mid term it could be like this , retrace back to 0.618 level or a little higher

Catch the bull in the coming weeks  USDCAD


for long term, i agree this is a bearish sign

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+1 Reply
OAKS PRO OAKS
a month ago
i am not sure now how do you think about break out of the consolidation wedge (in past 6 months), so you mean it is a fake break out or very limited break out ?? can you explain this part for your analysis.........

BTW, I have a small video with Crude oil analysis, which may coincide with the projection of this pair in a mid term
i'd like to see your opinion about it

https://www.youtube.com/watch?v=lptK87nxiJQ
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ezodisy
a month ago
droog moy, watch for small wedge here
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ezodisy ezodisy
a month ago
careful, wedge-shaped B wave might break the top before falling
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Jor4hub
a month ago
Lol must of sold it 6 times haha
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nxtleveltrader Jor4hub
a month ago
Lol so true, its looking very very similar to the last top in the structure before it plummeted ;) Lets wait and see.
+1 Reply
ForexLoveme
a month ago
Thank you Anil , its excellent chart .
+1 Reply
FeiFeiXu
a month ago
thks sir
+1 Reply
habibzafari14
a month ago
Hi Anil,

I think the broken was due to oil change and it is just for short amount of time. Maybe 4 hours. I am still bearish on this pair.
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anilmangal TOP habibzafari14
a month ago
yes the structure is still looking down, but the next trade will be based on another strategy. Most likely I will wait for the Break and consolidation ,since the top is broken
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technical.performance anilmangal
a month ago
My SL above the top by 15 pips and still on it Also 4H and 1H candle closed below the top
Seems going well Isnt?
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anilmangal TOP technical.performance
a month ago
nice!
+1 Reply
Cant anybody see its forming a Bearish Butterfly which completes around 1.356 to short down to 1.33 support , and this butterfly is part of a bearish bat pattern on monthly time frame....so long term USDCAD is bullish
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winerstep
a month ago
i think fals broken my bro
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adosolace
a month ago
I took the trade and the risk, trade closed thats it, keep going, you are a good trader Anil.
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Pacorretaco
a month ago
I am still in the trade, didn't have sl at the top because of the huge divergence

There is a high chance It will go now

Look at EURCAD

Lets see if I amnot so unlucky
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Pacorretaco Pacorretaco
a month ago
All CAD pairs are breaking, Looks that we just chose the funnier one.
+1 Reply
Traznor
a month ago
we have nice hummer in 1H
+1 Reply
judderod
a month ago
Thanks for the update.
+1 Reply
watsonzou26
a month ago
Thanks Master Anil. I was in.

USDCAD: short
+1 Reply
maroka watsonzou26
a month ago
Thanks for sharing your idea Anil
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watsonzou26 watsonzou26
a month ago
added 1.3401, SL at the top above.
+1 Reply
nxtleveltrader watsonzou26
a month ago
Call me hopefull, as ive thought the USDCAD was on the turn downwards a hundred times so far - but looking at more negative divergence on the hourly here... lets continue to be patient and see. Im in at the top here, im thinking if the structure holds it will break down soon.

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chartmaster
a month ago
Shame it didn't continue to the downside - I've been following it past few days to the minute...

It would be extremely helpful if you could post numbers (if that's not too much asked) as the screenshots you are posting do not allow
any chart analytics and they are not granular enough. Hope it makes sense what I mean with that...

In any case, thanks very much for your great work - as always :)
+1 Reply
Pacorretaco
a month ago
Thank you Anil for keeping us updated.
Means a lot, especially when the trade does not go as smooth.

Here is my view on it, if any of you are interested.

Looking forward for tomorrows webinar?
+1 Reply
Pacorretaco Pacorretaco
a month ago
Chasing the CAD

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JakubBoczkowski
a month ago
Hi Anil,
Quick question, what are the chances in your opinion that it will now continue growing just to sky rocket in December / January. The reason I ask is that it's very similar formation as the one last year. I am quite new to this and I am not an expert but just want to know your thoughts ?
Thanks
Jakub
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JakubBoczkowski JakubBoczkowski
a month ago
Any opinions, as I said I am new to the business and I would appreciate if someone could give an opinion about what I wrote. Thank you guys
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XIXtaj
a month ago
This pair has been funny today, but I'm with you on this one Anil! Love your updates, it's really supportive to see another trader's views on a trade I'm in!
+3 Reply
JooJoo PRO
a month ago
My concern is that this has decisively passed the 38% retracement from the top, so I think perhaps it could break further towards the 50 or 62% next.
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Smiley8080
a month ago
Wait and see day.....sometimes a bit exasperating, but thats the way it goes, thanks for updates Ani!
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Viking83 PRO
a month ago
Perfect timing for entry I assume. I believe that the GANN resistance it's facing from the top will put the final nail in the coffin.
Momentum and RSI also screaming.
Keep up your good work,learning a lot about structures from you.

And when your analysis align with my own, positions were entered :)
USDCAD correction imminent
+4 Reply
JeremyFreeman
a month ago
Curious where your stop is and how many positions you added. Loonie looks relentless against your position.
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I think it depends on US dollar. Dollar seems to going down a lot. But it shock me again and again. The econimic data is not good, but after a while going down, but keep strong again. WTF
We will see. If dollars going down, everything will be all right.
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ivn96
a month ago
I think that this together with EURUSD and NZDUSD infers weak GDP report ( which might be the trigger...)
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morkovka
a month ago
Hi Anil. Thanks for sharing. Can you answer my question this will help me very much.
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Can its braek to upside? And why do you think its gonna break? I'm asking too much but still hope for your answer.
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JakubBoczkowski morkovka
a month ago
Same question from me. Would appreciate a cooment, as mentioned previosuly what is the chance that it will keep going up like last year
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helper140
a month ago
Thank you Anil. This is my first time to your forum and fortunately for me , you and I are of the exact same opinion about the USD/CAD. I will definitely be following you.
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Mc-Fly
a month ago
Thanks You Anil!
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Hi Guys sorry for the short notice, but i just confirm that I have the time to do a the weekly outlook today. Please help share the link and we will do the USDCAD in details : https://zoom.us/webinar/register/e044a3fcf38dcf56c5b9141539e44ee6 give the link to a friend who might not see it , Thank you.
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asapr anilmangal
a month ago
thank you!
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Pacorretaco anilmangal
a month ago
Thank you!
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YuXiuCui anilmangal
a month ago
thank you, sir
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asapr
a month ago
hey Anil are you doing the webinar today brother?
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asapr asapr
a month ago
nevermind! just saw ^^^ Thank you !
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anilmangal TOP asapr
a month ago
help share it(on your social sites) , because of late notification, many might not see it
+2 Reply
watsonzou26 anilmangal
a month ago
Thanks anil. will watch later today.
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HAMID.ABDIYAN anilmangal
a month ago
hello, why usdcad go up, all the same pairs go down even usdindex but usdcad go up!
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CedricDuchaine
a month ago
is it still valid or the pattern is broken ?
+1 Reply
Anybody can give me a youtube link of Anil's meeting, I listened, but due to my poor English, I wish I can learn again.
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mlbo keydream007
a month ago
https://www.youtube.com/watch?v=YTqAEIb_YPI

have a nice weeekend
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Jor4hub
a month ago
This still looks like an amazing opportunity! I will wait impulse and correction before any sell tho
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nanangty
a month ago
ok mister...thanks very much
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ieducswesps
a month ago
Hello Anil,what makes you so certain that usd wont go to 61.8 fib? and only then will come back down.
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HAMID.ABDIYAN
a month ago
how about usd cad ? still short?
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tradermannn
a month ago
sir, is this still valid? or its break the structure ? and not valid for short?
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denttrader
a month ago
USDCAD- im short around 1.34 and being patient, feel that the bears are keeping a good hold of this one. GE showing belief in oil(bullish CAD) with its stake in Baker Hughes. still very much like this trade.
+1 Reply
ChrisMark
a month ago
Hi thanks for sharing , Im gonna sell only the breakout Im not still sure for the short
USDCAD 4H Chart.Short View
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ezodisy
a month ago
You might want to zoom out, there is a larger channel that price is working
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JakubBoczkowski
a month ago
Once again, are you sure it's not a buy option. Look at last year - exactly the same time, same structure and then big increase.
Any opinions ?
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anilmangal TOP JakubBoczkowski
a month ago
I don't see what the structure you mention , please post a chart showing it .
+3 Reply
helper140
a month ago
Thank you Anil for your superb analysis pertaining to the USD/CAD for the past 6 days. I am short this trade also which has taken more time to develop than I anticipated , however , I do believe that I will hit my profit target of 1.3180 this week. Thank you for your insight.
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CuongTran87
a month ago
It broke the trend, didn't it ?
+1 Reply
Forexer11
a month ago
First of all thank you for the another excellent idea. On the other hand I am a little bit angry for me because I was in this move from 1.3420 but I closed my shorts around 1.3390. Grrr. An other weak point that I have to work on it. I am too greedy to hold the positions for longer periods. :D
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ezodisy
a month ago
I advise zooming out and being cautious here. IMO you are trying to combine two disparate structures with an incorrect trendline

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yangzhu1001
a month ago
SEE U AT 1.35 ABOUT USDCAD.
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marzed PRO
a month ago
Oil should be finishing its down leg. USDCAD should start going down with oil rally
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MacGuy93 marzed
a month ago
you are right. oil is at a 61.8 retracement but investors are at a cross road as to whether or not OPEC will successfully limit production, come Nov. 30th.
goldman saches forcasts oil to drop to the low 40's if the production cut fails.
I believe they will successfully limit production and oil will eventually rally to $60/barrel where investors forecast oil would be at the end of Q4.
therefore I see CAD strengthening

the USD will be the primary mover in the USDCAD these next two weeks with FOMC and the presidential elections.
i am bearish on USD/CAD as i feel investors are losing confidence in the US dollar.
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MacGuy93 MacGuy93
a month ago
& NFP****
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watsonzou26
a month ago
Master anil, this flag seems to stay longer than we think.
+1 Reply
Kumail
a month ago
Disclaimer: I don't know how to read or draw structure.

However, I'm hoping this is the break we're waiting for:
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HumairDawood
a month ago
Just fantastic (Y)
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Bitcoinivestor
a month ago
what is meaning of "move to BE"
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Ruben68 Bitcoinivestor
a month ago
move stop to break even
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bulan
a month ago
Hi Anil, Thanks for your setup for USDCAD short setup but looking at the weekly it seems like an uptrend to me.
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cubbies28
a month ago
This pair is dragging shorts along breaking new highs. The daily closed with an exhaustion candle/grave yard doji and the weekly closed with a bearish harami. A reversal is coming this week imo, but will it be the strength we have been waiting for is the question? Hey Anil, are you gonna post the weekly update to youtube? I dont see it yet. thanks for the videos. Its amazing how forex is predetermined, but such a tough game to master.
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ruthrajamanie
a month ago
Mr. Anil any update on this?
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Daniel2017
a month ago
I think this pair is back in shcedule? Any comments?
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judderod
a month ago
Yup, that now matches my entry requirements.
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judderod
a month ago
Hmm... Most dollar pairs are weakening, but this one is still trying to go back up! Any thoughts on this Anil?
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ruthrajamanie
a month ago
Any update on USD/CAD Anil?
+1 Reply
Fox_
21 days ago
Sir Update ?
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Jor4hub
21 days ago
Think this may be starting finally
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