Made two different charts on USDCAD which became confusing. Made this one to stick to my analysis which has shifted from being short term to now looking for a long term short setup.
As we speak we are making new highs. Will update once we get the reversal obviously, now its just more sitting and watching it.
As we speak we are making new highs. Will update once we get the reversal obviously, now its just more sitting and watching it.
Comment:
4H. Two scenarios im looking at. Either this is topping out and we may or may not tag that TL or we break the previous top and hit the "4" near the upper TL (I am biased to say that is unlikely).
Trade active:
Stop at previous high.
Comment:
Slowly getting something. Simultaneous moves on some other USD pairs. NZD/AUD/EUR strength but not on JPY / GBP
Comment:
stop at BE. Still suspect the possibility of one more high.
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Getting more confident that this is the one but confirmation will obviously be if BOC (central bank) confirms a rate hike in june. Will definitely look to add more
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Another way to look at it. Yay or nay? BOC will decide this.
Comment:
Looking to add more. Broke the low slightly. Possibly irregular flat, it will spike up without breaking the top and then sudden reversal. Difficult to catch and risky cause its easy to be wrong.
Trade active
Trade closed manually
Comment:
Closed it manually due to some a bit rumour mungoring and i still believe a spike will come.
"A source tells me the decision on steel and aluminum tariffs is “99.9 percent” done, and expectation is President Trump will impose the duties on Canada, Mexico and the EU later this morning." -Eamon Javers. I'll wait a bit.
"A source tells me the decision on steel and aluminum tariffs is “99.9 percent” done, and expectation is President Trump will impose the duties on Canada, Mexico and the EU later this morning." -Eamon Javers. I'll wait a bit.
Trade active
Trade closed: stop reached
Comment:
Closed all the trades. Small profit and the other small loss.
going for the 4th? Will stay on the sidelines.
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Broke the previous top. What next?
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Entry short set.
Trade active:
Hope this one goes.
Trade closed manually
Comment:
This pair wont seem to decide on a direction (note to self irregular flat?, broke the top slightly reversed but failed to reach the low). It is now reversing to the upside sharply, which irregular flats usually do.
Comment:
Speculative setup.
Trade active
Trade closed: stop reached
Comment:
Lame. Seems like i was just too greedy with my stop. Regardless it seems it will correct and continue the downtrend next week. Will see.