Last trade panned out very well, see link below...
Looking at the daily chart, this one appears to have made a higher low, which indicates to me we are breaking these highs. Price is ripping pretty good on the hourly upwards, leaving a liquidity void in its wake. Expecting/hoping this will be filled quickly, price will find equilibrium back down at .2715ish and...
Was wrong last time, and honestly was just impatient.
I didn't wait for the market to come o me, but finally it has, just had a great entry @ .2755, hoping to take this to the lows but will be monitoring it closely. Oil has been on an absolute tear so I wouldn't be surprised if the CAD has some catching up to do.
I think the best mindset to have is to be short...
Equities and the dollar rallied together this week, which we are not use to seeing. Somebody is lying... and i've learned my lesson to not fight the fed.
Shorting USDCAD here. Price appears to reject larger trend line and also appears as thought price failed to breach .2875... Now back below .2800 and I expect this level to hold, my stop is just above the most...
I'm still bullish this pair, we have taken out key stops on the daily chart. Honestly I'm surprised how reluctant the USD strength is, but again I'll say the case right now is more bullish USD an ever, I've read a story 90 countries are in need of an IMF bailout, short term i think this is all very bullish USD. Also we've had a little pop in the S&P which i'm...
Still looking to get long. Previous trade made a small profit and my breakeven stop was taken. Still very bullish, price is looking to break out of this bull flag with force imo.
Looking for a pullback into one of these levels with some decent price action. Staying patient until then. JaPow is also on deck tomorrow so he could bring some hefty volatility which I...
Back again for another crack here. Price rejected lows pretty emphatically overnight. Same bullish thesis for this one, I'm expecting oil to get smoked this week as the June contract expires, and perhaps we see the classic correlation with the CAD.
There are two scenarios I'm going to look for, they are drawn on the chart. I prefer to see the top option, waiting...
For all the reasons of my former idea, I'm still very bearish the CAD. Despite closing my prior trade for a loss because I was a little impatient with PA, I am willing to lose a couple more trades here because I firmly believe this is pair is headed for the moon.
Lots of stops resting below market at .3850. I would ideally like to see price collect those lows...
Hi again trading view, after a hiatus I've decided to start publishing trades again now that i've had a full year of sustained and profitable trading, solely from this pair.
I'm SUPER bearish CAD, fundamentally I don't think I've seen a worse bearish case for CAD since I've started trading. Outlook is not great, household debt at all time highs before crisis, a...
