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nakedfoot
Sep 14 2017 at 11:24
33 posts
USD CAD is stock in a 'moving average triangle' 😲 ( H4 & H8) consolidating before the CPI news at 8:30 .. if the 1.2190 high fails to resist, further correction leads us to the 1.2220 and then the 1.2335 zone while a move south should first break the 1.2160 to then re-test the 1.2080 & possibly the 1.2060 lows

good luck to all

patience & discipline lead to wisdom ... & profits ! ;)
csc2009
Sep 18 2017 at 06:34
834 posts
Usd/Cad is consolidating and found support level at 1.2062, further downside is likely to happen if the pair breaks out of the range.

arigoldman (arigoldman)
Sep 18 2017 at 17:16
907 posts
I'm really waiting to go long on the pair!

nakedfoot
Sep 19 2017 at 11:30
33 posts
Now would be a nice spot to go long on USDCAD.. right at the 38% daily fib retracement level around 1.2275.. given that yesterday's candle appears to be a 'mother ' candle. Otherwise, around 1.2235 is the next level to consider, but will it go there ?
fellas, tomorrow is the US rate decision (14h Eastern time) good luck to all

FYI I love reading your input, all of you, and I thank you for that !

N

patience & discipline lead to wisdom ... & profits ! ;)
BaldoN (BaldoN)
Sep 19 2017 at 11:46
522 posts
It seems as a kind of bullish flag formation 1H, but I believe is a bit early for long :)

dianajs
Sep 19 2017 at 12:31
823 posts
I did open a long position. The overall downward trend may not be over yet, but I think it is time for a correction.

dianajs
Sep 20 2017 at 13:55
823 posts
USD/CAD met a resistance at 1.2337 and it is currently struggling to break out above that level. If it does, I think it will rally to 1.2400.

nakedfoot
Sep 20 2017 at 13:58
33 posts
totally in agreement with you Dianajs .. if 1.2235 holds.. next 'true' resistance will be around 1.2360.. could flash up to 1.24.. especially with a potential hike in interest rate later on today..

patience & discipline lead to wisdom ... & profits ! ;)
arigoldman (arigoldman)
Sep 26 2017 at 13:23
907 posts
I missed selling at 1.24. I hope it gets back so i can go short.

nakedfoot
Sep 26 2017 at 13:46
33 posts
appears that USDCAD could go as low as 1.2340 before it goes back up...

patience & discipline lead to wisdom ... & profits ! ;)
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