CADUSD
AUDCAD: Good chance to longWe can take this long here, risking a drop under 0.97612. Target is not set in stone, but watch how it evolves. We're testing a critical support level, but also facing considerable resistance, so we might have to be patient. I still think the trend will continue to be up, so, not a huge concern to hold this.
Good luck!
Ivan Labrie.
PS: I had a moderator comment on my publication format, for now, I'm keeping it brief, but message me if interested in my services. I will post trades on and off, but there are quite a few I reserve for my private clients.
Konrad Dollar Composite Cycle PredictionBased on Prior move from Overbought in final downtrend, I am looking at the count of the move after the trigger day and applying that same thought process to the current setup.
In external prior cycle work I have the following turn dates:
EURUSD - Sell August 18
GBPUSD - Buy August 16
USDJPY - Buy August 15
USDCAD - Buy August 23
Based on this I would look to Buy any shallow dip in the EURUSD leading into the middle of next week. I would be careful of the rally not equating to a significant move. One difference between the count in this period and in last was last period we were in a downtrend and that was a bounce that established the most recent low and the HIGHER LOW of the current uptrend. Here we are in an Uptrend and it would make sense that we might have a HIGHER LOW that is not as deep as the previous dip.
As always - Predicting the Future is not possible and all trading is at your own risk and should be evaluated daily.
AUDCAD: Fundamental trend gives us great opportunitiesThe underlying trend is that oil production won't slow down anytime soon and that the oil price will continue to plunge, whereas copper and gold fall at a much slower rate in general.
Both currency pairs correlations and Central Banks agendas make them lose value periodically vs the dollar, but that isn't a problem for these setups I outline here.
In fact, the mild correlation between the two makes it possible to have an independent trend, born out of these peculiar characteristics of the instruments that we pit against each other, which are basically audusd and cadusd.
Rgmov implies that the trend is bullish for the AUD, and I think it makes a lot of sense. We can observe how large and sharp the bullish swings are, specially when under the yearly and quarterly averages.
The setups are detailed on chart, feel free to experiment with the concept.
Trading it in pairs provides us with more flexibility and no fear of getting stopped, so that will be my favored approach when trading it from now on, but I'd also take the oversold CCI trades in the AUDCAD pair since they are quite sharp and one directional when they occur.
USDCAD : Ascending Triangle Breakout Target Price 1.37250Bulkowski's Ascending Triangle in sight.
This is the confirmation on oil short.
Inverse Oil/USDCAD: Time to short oil against CADIn this chart I illustrate how drastic the outperformance of oil is against cad.
Whenever this happens, we have a trade opportunity at hand. See related ideas for a chart by Tim West on this same subject.
We can anticipate inverse oil's performance to improve relative to USDCAD, and thus, expect either USDCAD to stall or retrace, or, USOIL to fall rapidly and catch up with the move in USDCAD. (I think the latter is the most probable scenario)
If you look at the recent turn of events, all international news regarding the supply of oil have been curiously released right when the price action suggested a top was in place but the manipulation can only last for so long before the market resumes its course. I firmly believe what we see in lumber or usdcad is a more realistic depiction of what we should see in oil, so, let's try to capture that impending downside.
One more thing to consider, you can also try to book USDCAD profits and/or try a short against the usoil short, effectively shorting oil against cad, or perhaps try the TSLA/USOIL long, see charts below:
Good luck!
Disclaimer: I'm currently long USDCAD from an average entry of 1.26, and shorted oil at 48.85 with a 3 atr stop loss (roughly 5 points).
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
NZDCAD: Time to go longI had shared the entry in my monthly short publication (see related ideas) but today I had more clear confirmation that oil is topping against monthly resistance, so we can go long NZDCAD with stops below 0.8591.
We can exit when NZDUSD catches up with CADUSD in the percentage scale chart to the left.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
CADUSD: Close above low volume resistance opens up huge upsideI have been trading the long side in this pair for a while now, entering and reentering on every chance I had.
I'm in this trade, and looking to add if we get a minor retracement retesting the low volume resistance zone.
If not in, you can go long now, or on retracement to the light blue zone on chart. The same applies to USDCAD, naturally, just inverse. If you platform doesn't have this pair trade the USDCAD short side.
If you know how to trade trends, this might be a terrific one to ride, really nice potential here.
Good luck if taking this trade.
If interested in my professional trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Map-O-SpreadCADUSD chart using experimental Magic72 technique. Right now the price is sitting on 0.45 support arc line. IF it doesn't hold it will resume it's downward path inside the the sub channel lines to hit 0.7354 on April 06 which is on the 0.63 support arc line and Fib 38.2 retracement line.
I hope you like this kind of TA.. I invite you to check previous Magic 72 posts and hit the play button to see how the market reacted.
BTW this is just the tip of the iceberg.. there is tons to show but the platform limits me I might post in the future, screenshots hosted elsewhere to illustrate new concepts / techniques that can't be easily drawn on TradingView.
Use the screenshot below to readjust the chart:
Cheers,
Keops
Two Advanced Patterns on CADUSDHere we have two Harmonic Cypher patterns on display...lets see what the market gives us. Looking to sell this rally then buy it up at around 1.2975.
Gann USDCAD, easily catch the next and upcoming move(s)The instructions are in the chart and discription, i think i got your back.
USDCAD analasys and tradinplan.
CADCHF May Have Reached a Major BottomI think CADCHF has hit a major bottom. It may not be an easy hold on the weekly scale since it may require a quite a bit to develop, but the 4hr is showing a very good opportunity to go long with an attractive asymmetric risk/reward.
