Currency Pair: USD.CAD Time Frame: Daily, 4hr, 1hr & 5min Predicted Direction: Long
Live USD.CAD updates will be available in the comments section below
評論
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I now expect minor support at 1.2530 as we approach Daily support.
評論
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Price has now retested the 1.2530 level providing us with a textbook low test candle. A perfect opportunity to get long into next week should everything meet entry rules.
@tomhall .. Uptrend started? It broke that downwards channel already.. Please help me double confirm.. Thankiew..
nazayakob
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Hi @tomhall , the pull back have not happen right? Any idea approximately when? Thanks in advance..
UnknownUnicorn180388
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@nazayakob, Price is now retesting strong support at 1.2530 so we will see how price reacts and take it from there.
yin888
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I have an idea on USDCAD as well. I believe there might be more downside to come as price recently broke out of a range that has been ongoing for more than 2 months. According to DXY Daily timeframe, I see a broken H&S as well as a minimum 3-wave correction move completed before another impulse move downwards (I have a chart on that too). NFP this Friday might be the catalyst for more downside potential for the Greenback and USDCAD and other USD pairs will follow I believe. But of course that's just my analysis, time will tell whether USD is bullish or bearish.
Fiyi77
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thanks so much for the reply. How would it have to react at 1.253 for us to confirm an uptrend?
UnknownUnicorn180388
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@Fiyi77, My pleasure.
Deceleration is required at a minimum then discretionary entry methods are used.
CordellFX
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Tom I appreciate your analysis but you might want to give actual buy and or sell recommendations based on your charts. Meaning buy now and sell here. I might be more inclined to buy into your service if you did that. There is a lot of ambiguity sometimes and I would like a clear explanation. If I saw that then I might want to invest in your service.
UnknownUnicorn180388
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@CordellFX, If i provided the official entry, stop loss and take profit levels there would be no reason for subscribers as the service would be free.
The results P/L are verified by a third party online to show the profitability giving everything transparency.
CordellFX
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@tomhall, I understand the business model but I was just thinking that a few ideas that explained everything in play, the hidden indicators, entries, exits, would still get you followers and also garner additional memberships.
Again I appreciate what you do offer and I wish only the best
Fiyi77
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Hi, I bought USD.CAD at around 1.275. Do you see it moving up to this level at all again in the next few months or is it better to just sell now before it drops further