EuroMotif

USD.CAD winding down longs after 1350 pips ! Pullback Inbound?

FX:USDCAD   美元 / 加元
Followup to our longs entered around $1.296 (see link below).
It has been quite a ride (~1350 pips) but is likely winding down.
Time to take some profits (50-60%) and trailing stops on the rest.

$ 1.42756/.42838 could very well be the top for now.
$ 1.43512/.43578 would be LIKELY to turn it downward.
$ 1.44492/.44734 is the MAX expected, after a pullback.

Of course we all know Oil is primary force behind this pair.
Oil should also be bottoming soon (famous last words?).
So watch oil for clues about this part from here on down

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Previous USD.CAD analysis (click):
Jan 03. 2020: 1.29 Bottom Call <= (MUST SEE)
Dec 18. 2019: 1.31 Long Scalp (quick 60 pips)
Nov 21, 2019: 1.33 Short Call
Nov 20, 2019: 1.331 Long TP (longs to perfect target)
Nov 19, 2019: 1.319 News Scalp (fib support launch)
Nov 15, 2019: 1.319 Short TP (shorts to perfect target)
Oct 16, 2019: 100+ pip Short
Aug 19, 2019: 1.338 Top Call (exact top mapped)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

I also plot Crypto and some Stocks, check my Profile Page.

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