|Mon, 11 Dec 2017 06:32:49 -0600|
DXY is decreasing before going up again, and a pullback is due to minor support
|Mon, 11 Dec 2017 05:34:42 -0600|
|USDCAD reversing nicely from our selling area, remain bearish|
|Sun, 10 Dec 2017 21:08:33 -0600|
Sell below 1.2859. Stop loss at 1.2900. Take profit at 1.2708. Reason for the trading strategy (technically): Price has been testing our selling area and is starting to form a nice reversal pattern. We remain bearish looking to sell on major resistance at 1.2859 (Fibonacci extension, Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a push down to at least 1.2708 support (Fibonacci retracement, horizontal pullback support). Stochastic (34,3,1) is showing major resistance at 98% where we expect a strong reaction from. We can also see bearish divergence vs price signalling that a reversal is impending.
|Sun, 10 Dec 2017 20:01:23 -0600|
Double top under 50 fibo level with divergence on MACD indicator
|2) USDCAD BUY STOP @1.2886|
|Sun, 10 Dec 2017 18:00:27 -0600|
SL@1.2694 TP@1.3128 2% FX:USDCAD
|Short USACAD now|
|Sun, 10 Dec 2017 13:44:22 -0600|
It looks like a good chance to short USACAD now in the start point of third wave in long term. 50% retract already. Stop is about 100 points, a little big large. But the reward could be huge.
|USD CAD - ONE MORE DOWN MOVE|
|Sun, 10 Dec 2017 11:17:04 -0600|
USD CAD IS SHOWING US ONE MORE DOWN MOVE TO COMPLETE THE CONTINUATION PATTERN. BUT AGAIN BE CAREFUL BECAUSE WE ARE AHEAD FOR FOMC NEWS NEXT WEEK.
|Sun, 10 Dec 2017 07:15:04 -0600|
Day chart shows a doji pattern, an indecision between bears and bulls. 1H chart registered a bearish candle on closing last week. We are awaiting for the 50% FIB level to be rejected before deciding to take a short
|USDCAD is going long|
|Sat, 09 Dec 2017 20:20:13 -0600|
USDCAD is in a range since november 1st between 1.2630 and 1.2915. We think that the pair will break 1.2915 very soon. We place a pending order at 1.2930 TP 1.3200 SL 1.2850. We move SL to breakeven when price reachs 1.3050.
|USDCAD Breakout Higher|
|Sat, 09 Dec 2017 13:04:10 -0600|
While other currencies have shown some weakness in the recent weeks, USDCAD has remained strong. I expect the current trend to continue after the strong rejection and failed break lower from the 1.2650 level. Will the current consolidation turn out to be a bear flag moving higher to the 1.3100 figure£ I will be watching for a retracement to get in on the long side for a run higher. Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
|Sat, 09 Dec 2017 10:48:08 -0600|
|Sat, 09 Dec 2017 05:36:57 -0600|
A big zigzag.also hidden divergence in rsi supports continuation of the downtrend.