BOC decision is tomorrow, best to wait for better trade setup after the news
buying looks attractive from the 1.32 level
Thread: Usd/Cad
BOC decision is tomorrow, best to wait for better trade setup after the news
buying looks attractive from the 1.32 level
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FA148P (2019-01-15), gale (2019-01-15), Hanif484 (2019-01-15), isha (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
Here's some "recent" charts I did for some of you.
-- TP 1 & 2 hit on the way up.
--- 3 pip draw down predicted on 17th December, 2018 @ 1.3665 sell, Max Pain Level (TP2) once TP1 was breached. Giving us an optimum entry level for 130:1 RR
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Asif777 (2019-01-15), FA148P (2019-01-15), gale (2019-01-15), isha (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
I bought into the extreme drop wanting a retrace. However, I expect the PA to finish the channel somewhere just below ~1.32’s or 1.31’s (who knows). I usually don’t position in the middle of a channel but it was such a strong drop, it seems there should be a bounce of some kind. Can’t wait to get out.
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I will be adding long again on new swing low as I broke up my lot into smaller chunks for each key level for entering long.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
FA148P (2019-01-15), gale (2019-01-15), Hanif484 (2019-01-15), isha (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
If the long works, we're about to get our pin bar. This thing might drop down to 1.3175--another key level, be careful, don't submit a limit without a stop attached.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Asif777 (2019-01-15), FA148P (2019-01-15), gale (2019-01-15), isha (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
Just popping in to say I agree with the bullish sentiment, we're in a possible acceleration zone to the upside. I'll be surprised if the current lows aren't swept a couple times first before we shift up, we'll want to see pin bars on any bars that break the recent lows.
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Then it may tank to support before around 94.40/93.44 next day, take care,
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
FA148P (2019-01-15), Hanif484 (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
I am expecting Hawkish Monetary Policy of BOC... Let's see what comes out...
PS: Not expecting a rate rise
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Asif777 (2019-01-15), FA148P (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
This was posted ahead of you... so i am sure you copied it from there...
PS: it is quite possible that you might be the contributor at that site.. if so then please mention that too that it was posted by you there.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Asif777 (2019-01-15), FA148P (2019-01-15), Hanif484 (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15)
So it means if they hike i can see a drop in USDCAD and if they are more dovish we can see a gain in USDCAD?
Probably they will be more dovish in me opinion as oil instable, Trade war, brexit, and us slowdown economy.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
FA148P (2019-01-15), Hanif484 (2019-01-15), ismar (2019-01-15), PAK786 (2019-01-15), Shahzada148p (2019-01-15), Tanveer333 (2019-01-15)
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