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Loonie

Fibonacci Long For The USD/CADAs long as the current swing high (1.3226) remains the high-water mark of the current wave on the daily chart, then a buying opportunity may set up for later this week. Until Friday’s close, or until the current swing high is taken out, buy orders from just above the 38% retracement from 1.3097 are solid entry to the bull. Using a standard 1:1 risk vs reward and an initial stop loss at 1.3049, this trade produces 48 pips on a return to the current value area (1.3150).
Long
by FXLeaders
USD/CAD (Sept 2018) *The future is UP!This will be my views of USD/CAD (Sept 2018) Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Long
by SonicDeejay
5
GBPCAD Short Position High risk trade. Comments from Barnier yesterday confirmed that the EU were prepared to offer the UK a bespoke package to avoid a no deal Brexit. The rally brings GBPCAD straight back into the daily descending resistance line. We have a clear zone of sellers waiting to push price back to 1.6591 Following a break of this support, we could expect a leg lower to support at 1.6370 Technicals overrule the market but if Soft Brexit takes over the news networks, GBP may remain bullish.
Short
by HutsonBay
GBPCAD Update - Pennant invalid > Potential AB=CD PatternGBPCAD Bearish Pennant Pattern is invalid by now but that still could be a bearish ascending wedge. Using fibbonacci on H4 timeframe, I realized that an AB=CD pattern is in formation and maybe it finished. If it breaks below the 1.272 level on H4 and make lower lows on H1 & M30 that's your cue to sell the pair. TP levels are the same as the last idea, safe entry is still the same. STOP LOSS, however, is above the last candle's wick on H4.
by HHCWW
USD/CAD Analysis Aug, 2018 This will be my views of USD/CAD Pairs Aug 2018. Please make sure to read the "update" comment as there will be changes along the way. You are welcome to "Like" and "Comment". Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Long
by SonicDeejay
1
Position Long From Weekly Fibonacci Support USD/CADSince the rally of late-June, the USD/CAD has been consistently falling. BoC tightening and WTI crude values have been primary reasons behind the move. As a result, several key technical support levels are coming into view. The 38% Fibonacci retracement of the yearly range (1.2950) is a fantastic place to go long in the USD/CAD. This will be a make-or-break area for this market. If it holds, a return to yearly highs are likely in the cards for the fall season. Here is the trade: 1)Entry: Buy 1.2960 2)Stop Loss: 1.2894 3)Profit Target: 1.3092 4)Risk vs Reward: 1/2
Long
by FXLeaders
GBP/CAD- One to pay attention toIt is just sitting at the low. It is in a downtrend and fib wise it can extend down more. You see the daily divergence. the weekly shows more room down. Considering it did such a simple WXY 3 wave correction, I would expect it to at least do a running flat if it is going to plummet... But it may even go into a much larger corrective structure. I am not going to give a buy signal on it right now, I will just say what I said, and to watch that .618 fib extension level if it were to keep dropping. A flat correction could be a lot of pips..... The reason I say to note that fib extension is because that is a swing area from the move down from top that is also relative to the 27% extension of the simple 3 wave correction that it did, which only retraced 50% if I remember correctly, which is enough. it is at a point that it is possible it could pull up from right here, but there is no confirmation of any price reversal. And I did post my long term CXY analysis, but Cad does have a zone that it can correct further into. But wait for some sort of confirmation or watch those levels.
by thillygoosth
2
Loonie/USDCAD - First Short, Later LongThe USDCAD is in my opinion in a WXYXZ formation. There, the loonie is already in the X2 and should form a abcde correction. This is already in the final stages and should fall within the e at least 1.25 or lower, which is a very good move for a currency pair. At 1.20, the e and thus the X2 could find its end. Once this has taken place, a strong devaluation of the loonie should not surprise and advance to within the range of 1.60 in the next few years. Your rating is important to me, so like it and questions, positives, criticis and counter-suggestions in the comments. greeting Stefan Bode - Hanover, Lower Saxony Invest money, investment, yield, interest, dividend, investment, save money, buy stocks, stocks, trading, trader, convertible bonds
Short
by StefanBode
USD/CAD Analysis (July 2018)This will be my views of USD/CAD for July 2018 Please make sure to read the "update" comment as there will be changes along the way. Cheers. S0nic Disclaimer: The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. We, Sonicr Mastery dot com is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
by SonicDeejay
5