piphunters
Long

USDCAD: Game over? Maybe No, another possible buy opportunity

FX:USDCAD   U.S. Dollar/Canadian Dollar
1558 36 27
USDCAD             has retreated a bit from the marathon             highs but there is absolutely no reason yet to support that we may have topped and I am looking for a short term buy entry from here, If you have the proper strategy here is a good place for a buy entry.
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Related Ideas

FawadJawed
10 months ago
If it breaks 1.45 level bulls will b over !
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piphunters FawadJawed
10 months ago
yes, first let's get that break below the trend line and see the price action that develops, as long as that doesn't happen it's still short term up to me
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GoodLuckbabe piphunters
10 months ago
very nice idea bro also looking for buy to target 1.60
+1 Reply
piphunters GoodLuckbabe
10 months ago
yes, thank you.
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FawadJawed piphunters
10 months ago
Buls game over
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piphunters FawadJawed
10 months ago
lets wait until we get volatility
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FawadJawed piphunters
10 months ago
Told you guys break below 1.45 is bear :D
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Robenbianof
10 months ago
buy @ 1.45253 ?
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piphunters Robenbianof
10 months ago
take entry as per the price action that develops from here.
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EL_KHIBRATTOR
10 months ago
I see that price broked the trend line ?
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piphunters EL_KHIBRATTOR
10 months ago
not exactly it has to touch and bounce off if it's going to be a buy, watch closely the price action from here to determine an entry or discard the idea.
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marcus123
10 months ago
alittle concerned about bearish divergence on the daily; although fundamentals shout long...
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piphunters marcus123
10 months ago
yap... we should have very limited time
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Guerrera
10 months ago
Is it time to sell the breakout, may after small consolidation below trend line?
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piphunters Guerrera
10 months ago
no don't sell it just because it is below the line, always wait for confirmation.
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LukaszMosinski piphunters
10 months ago
I don't know how to recognize confirmation...
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alfredotrp
10 months ago
Im waiting to go long around 1.44500..
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andrewman520
10 months ago
still a buy?
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piphunters andrewman520
10 months ago
not getting price action to enter a buy but not good yet to sell either, we may start getting consolidation in this region if we are not going up.
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andrewman520 piphunters
10 months ago
Thanks, good to take a rest and look at a bigger picture, might have refresh idea.
+1 Reply
jhakas
10 months ago
cad trend is still same.. no matter of recent fall.. which was expected as per technicals.. ucad still has a way lot to go higher.. i personally think 1.52 is on cards... maybe i am wrong but monthly chart suggests mei in coming weeks it will go there...
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piphunters jhakas
10 months ago
yes cannot say bull trend is over yet, weekly and monthly stays the same but definitely about time for a correction and daily and 4 hour support it right now.
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peter.kralmail
10 months ago
When I look at it now... trendline break, retrace to trendline and it is going down. Obvious bearish counter-trend
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lucianfx00 peter.kralmail
10 months ago
Yes maybe a retrace but definitely going to at least 1.40-1.41
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piphunters peter.kralmail
10 months ago
yes
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FawadJawed
10 months ago
Told you guys break below 1.45 is bear :D
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piphunters FawadJawed
10 months ago
yes :)
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lucianfx00 FawadJawed
10 months ago
Still I think bulls will be back in March to take it past 1.47 than vicious bears will take it to 1.35 by may-jul
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LukaszMosinski lucianfx00
10 months ago
Guys please advise me what to do with positions "sell" opened month ago on the level 1,36. I was keeping them open until now and I almost lost my account. Right now I see a chance of retrace however I don't know when to close them - which lbottom evel is max for CAD during 2 next month. I'm aware that I can lost some monay and close them with the lost. Appriciate your support.
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lucianfx00 LukaszMosinski
10 months ago
My opinion is 1.40 for next to months maybe if you'r lucky 1.39...could be wrong..I'm also looking to deleverage at 1.408.It will reach 1.36 but in six months and with a new high before 1.36 I think maybe as high as 1.50 by mid march
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LukaszMosinski lucianfx00
10 months ago
Thank you lucianfx for your opinion. I appriciate it. I will be waching it very closely...
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lucianfx00 LukaszMosinski
10 months ago
Look at what happened in 30.01.2015,31.01.2014,28.01.2013,21.01.2009 I think we are in a similar situation in 21.01.2016 you can make your own plan based on that
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LukaszMosinski lucianfx00
10 months ago
Good idea. Hope this time will work in the same way. Thanks
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piphunters LukaszMosinski
10 months ago
this maybe your only chance to cut losses.
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eniz1806
10 months ago
whatsup buy..hehhehehehe that is correction for downside dude
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piphunters eniz1806
10 months ago
didn't workout as a buy, was watching for a buy but discarded the idea when following price action didn't support it.
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