CAD longincredible rally on oil this morning, CAD has not budged at all, good chance it may follow up on oil. Will be monitoring the euro (for USD strength) to make sure it doesn't make new lows DLongby vxzyoUpdated 1
Canadian Dollar Futures: Possible Lower Move IntradayLooks like an incomplete correction. Price could be doing an EW 3 wave retracement with the channel as the second wave. If price takes out the topside of the channel the idea is wrong. The risk is therefore limited. Crude oil being up today will not help this cause.DShortby Olu1
Week Plan: Probably still bullishIt's on the 5th wave but it could definitely go farther because it has a POC as a target and a 1.618 extension as a target. Will really be watching to see what it does if it hits the POC. Expecting sharp down move from there.DLongby mljones1
CAD SHORTCad is about to puke, only worry is oil currently ripping, euro is at lows, obv is crushing new lows, overall downtrend.DShortby vxzyoUpdated 1
Bullish on double bottom at value area low clusterTwo volume profiles agree on the value area low region which also maps to a fib pullback area. Looking for double bottom type price action in the green box zone for a long.DLongby mljones0
Bullish if double bottomComing into fib zone and value area low. Double bottom would be good area to find a longDLongby mljones1
CANADIAN DOLLAR FUTURES (MAR 2019), 1D, CMETrading Signal Short Position (EP) : 0.7549 Stop Loss (SL) : 0.75685 Take Profit (TP) : 0.74975, 0.74245 Description D6H2019 formed Double Repo Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.7549) and place stop after 0.618 level (0.75685). Once the position was hit, place take profit before an agreement (0.74975) and 0.74245 Money Management Money in portfolio : $280,000 Risk Management (1%) : $2,800 Position Sizing $0.00005 = +-$5/std-contract Commission fee = -$4.94/std-contract EP to SL = $0 = -$195 Contract size to open = 14 standard contracts EP to TP#1 = $0.01 = +$515 EP to TP#2 = $0.01 = +$1,245 Expected Result Commission Fee = -$69.16 Loss = -$2,730 Gain#1 = +$3,605 Gain#2 = +$8,715 Total Gain = +$12,320 Risk/Reward Ratio = 4.4DShortby SuppasitWechprasitUpdated 0
Range tradingPlanning to trade the range shown by red and green rectangles. Will not blindly fade the range but only with shorter time frame signal as confirms. Large attractor POC above should be respected, it could definitely pull price up there. Also the huge low volume pocket below should be respected and could send price shooting below if n support is found when price tests there. Will be trading under the assumption that price recently made a large move and therefore needs to consolidate. Will trade the edges of the range with small stops because if it breaks the range there's no point in standing in front of the potentially large move.Dby mljones0
Too close to POC for swing trade6C recently completed a 5 wave impulse down then sharply retraced almost back to the large POC. Expecting it to build a base for a while before making another large move like it did at the end of the 5th wave. The fact that it's right next to the point of control makes that a likely next target, and if it gets sucked into the value area convincingly then it would make sense for it to try for the value area high. The value area low might provide good support. Overall kind of bullish but the value area low support at 0.74260 is pretty far away. If it goes there it could be a good buying entry. Is too close to the POC right now to be a good swing trade.Dby mljones1
ShortShort from .75620 earlier today, made chart late. Plan to hold to near session end around 3:30 or targetDShortby mljonesUpdated 1
CANADIAN DOLLAR STRENGTH IN 2019D61! looking at a completed correction on the cad futures; today there's big news so we should expect a massive pop in the canadian currency.DLongby DragosManailoiu1
December Canadian Dollar Bearish GartleyAfter strong gains by the CAD and news of the USMCA the CAD is setting up for a bearish Gartley. RSI is nearing top levels. New pivots have been created. CAD having trouble staying above R2 at .78255. Estimate fall back to pivot and bottom channel.DShortby hopscotchUpdated 2
Buy D61! @ .78185Buy D61! @ .78185 RSI14 crossed above 60 level. Drive by resolution of trade issues between USA and Canada.DLongby priceaction357Updated 2
Sell Canadian Dollar D61! @ .76465Sell Canadian Dollar D61! @ .76465 Downtrend resumptionDShortby priceaction3573
December Canadian Dollar downtrend - Head and ShouldersThe Canadian Dollar is trapped in a downtrend and is building out the last shoulder of an H&S. A break through R1 and out of the downtrend would negate the head and shoulders. R1 at .77195 is significant resistance for upward movement. Waiting for confirmation of H&S when the market reverses down toward pivot at .76560 and continues through. Since the right shoulder is not very high, expect drop to S2 at .75530. Outside chance of a double bottom at .75020, unless of course the USD goes up and Oil drops significantly, then we might have a larger than expected run. DShortby hopscotchUpdated 772
D6U2018 (1d)Trading Signal Long Position (EP) : 0.7632 Stop Loss (SL) : 0.76095 Take Profit (TP) : 0.7703, 0 Description D6 formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Limit at 0.382 Level (0.7632) and place stop after 0.618 level (0.76095). Once the position was hit, place take profit before an agreement (0.7703) and 0 Money Management Money in portfolio : $150,000 Risk Management (1%) : $1,500 Position Sizing $0.1 = +-$10 (Standard) Commission fee = -$2.47/contract (Standard) EP to SL = $0.00225 = -$225/contract (STD) Contract size to open = 7 standard contracts EP to TP#1 = $0.0071 = +$710 (STD) EP to TP#2 = $0 = +$0 (STD) Expected Result Commission Fee = -$34.58 Loss = -$1,575 Gain#1 = +$4,970 Gain#2 = +$0 Total Gain = +$4,970 Risk/Reward Ratio = 3.09DLongby SuppasitWechprasit2
Canadian Dollar Futures D6U2018 D1Trading Signal Long Position (EP) : 0.76325 Stop Loss (SL) : 0.76095 Take Profit (TP) : 0.7722, Description D6U formed Double Repo Failure Buy at 1d time frame. Trade setup with Buy Stop at 0.382 Level (0.76325) and place stop after 0.618 level (0.76095). Once the position was hit, place take profit before an agreement (0.7722) and Money Management Money in portfolio : $48486 Risk Management (1%) : $484.86 Position Sizing $0.00005 = +-$5 (Standard) Commission fee = -$2.47/contract (Standard) EP to SL = $0 = -$230/contract (STD) Contract size to open = 2 standard contracts EP to TP#1 = $0.01 = +$895 (STD) EP to TP#2 = $0 = +$0 (STD) Expected Result Commission Fee = -$9.88 Loss = -$460 Gain#1 = +$1790 Gain#2 = +$0 Total Gain = +$1790 Risk/Reward Ratio = 3.81 DLongby Fast91
September Canadian Dollar ChannelCAD is a trapped in a three drives downward channel. RSI is really close so either we will get a breach of the channel above pivot, or another lower run below pivot to S1 at .75111DShortby hopscotchUpdated 442
CAD Future SEP18 (1d)Trading Signal Short Position (EP) : 0.76095 Stop Loss (SL) : 0.7632 Take Profit (TP) : 0.75455, 0.74815 Description D6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.76095) and place stop after 0.618 level (0.7632). Once the position was hit, place take profit before an agreement (0.75455) and 0.74815 Money Management Money in portfolio : $133,000 Risk Management (1%) : $1,330 Position Sizing $0.1 = +-$10 (Standard) Commission fee = -$2.47/contract (Standard) EP to SL = $0.00225 = -$225/contract (STD) Contract size to open = 6 standard contracts EP to TP#1 = $0.0064 = +$640 (STD) EP to TP#2 = $0.0128 = +$1,280 (STD) Expected Result Commission Fee = -$29.64 Loss = -$1,350 Gain#1 = +$1,920 Gain#2 = +$3,840 Total Gain = +$5,760 Risk/Reward Ratio = 4.18DShortby SuppasitWechprasit1
CAD Future SEP18 (1d)Trading Signal Short Position (EP) : 0.76105 Stop Loss (SL) : 0.76325 Take Profit (TP) : 0.75455, 0.74815 Description E6 formed Double Repo Failure Sell at 1d time frame. Trade setup with Sell Limit at 0.382 Level (0.76105) and place stop after 0.618 level (0.76325). Once the position was hit, place take profit before an agreement (0.75455) and 0.74815 Money Management Money in portfolio : $133,000 Risk Management (1%) : $1,330 Position Sizing $0.1 = +-$10 (Standard) Commission fee = -$2.47/contract (Standard) EP to SL = $0.0022 = -$220/contract (STD) Contract size to open = 6 standard contracts EP to TP#1 = $0.0065 = +$650 (STD) EP to TP#2 = $0.0129 = +$1,290 (STD) Expected Result Commission Fee = -$29.64 Loss = -$1,320 Gain#1 = +$1,950 Gain#2 = +$3,870 Total Gain = +$5,820 Risk/Reward Ratio = 4.31DShortby SuppasitWechprasit2
Canadian Dollar: Trade for Bearish Continuation I have a conditional order placed - if a new high is made before then I will wait for the next set-up.DShortby SharkbaitAlUpdated 2
Canadian Dollar Bear CypherSeptember Canadian dollar tracks sideways and lower. As Crude goes, so goes the CAD. If production is increased overseas, this market will continue to trend lower. Bear target right now is S2 .76480, followed by S3 at .75755. RSI triangle will need to be breached for any significant downward action. 20 day MA becomes resistance for any upward movement. This is also were major trades had taken place. Watch for false break outs above the 20 day MA.DShortby hopscotchUpdated 442