USDCAD 4h

[iannai69]

usdcadvh4.jpg

Hey guys, thought i'd get the ball rolling and post a possible set up i am watching out for.

Looking for a long entry here at the C Fib retreacement level, entry long at 1.02019 and hopeing to ride it all the way to the -38.2 extension?

May take a while to set up... if it sets up at all?

Ant thoughts or comments on this would be most welcomed :-)

[Guest]

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Hey guys, thought i'd get the ball rolling and post a possible set up i am watching out for.

Looking for a long entry here at the C Fib retreacement level, entry long at 1.02019 and hopeing to ride it all the way to the -38.2 extension?

May take a while to set up... if it sets up at all?

Ant thoughts or comments on this would be most welcomed :-)

Pretty nice, as it has turned out...

[Steven454]

The USD/CAD seems to change the direction right at the moment and it will be going down any minute. I believe the bears should open their deals right now with target at the level of 1.3100.

[Steven454]

The USD/CAD is rising up at the moment, but it waves too often to form an up trend, so I'm going to open a sell today.

[Steven454]

The USD/CAD is going down literally vertically. I don't really think it will stop very soon, cause it have broken the support already, so all we can do here today is to sell.

[BearishBull]

I would just leave it alone, why not trade something that isn't ranging.

[Steven454]

The USD/CAD ended the week at the level of 1.3332. I guess there will be a down gap at the opening of the market and forming of a general down-trend after that.