I plotted inverse oil here vs USDCAD, it seems there's a nice opportunity for a big short to close that spread. I'm long CADJPY and short USDCAD from earlier today, now made some time to post the weekly signal in USDCAD, which is cooking here. If price breaks 1.24603, a weekly down trend with a target @ 1.16536 will be active, predicting a 18 week decline is setting up. Stop loss for this setup should be a bit above the light red horizontal line on chart.
Best of luck,
Cheers.
Ivan.
액티브 트레이드
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코멘트
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This one isn't doing much yet, action in the Yen is surpassing that in the CAD, oil moved up but CAD once again under performing it today...I'm holding and waiting.
코멘트
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Holding USDCAD...
코멘트
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코멘트
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코멘트
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Daily target hit: Weekly is still valid, so, holding it...
코멘트
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I correct myself, the big signal here is in the monthly timeframe, not weekly. The local weekly trend is smaller, and part of the swing from the last top 8 weeks ago. Here it is in monthly scale, in all its glory, plotted vs inverse oil.
코멘트
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4 more weeks to go before consolidation in weekly scale. (this can trigger a monthly signal, which might justify holding it)
매매 수동청산
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Banked it here, will wait for a new daily set up to rejoin, the weekly trend is active, monthly not yet. Oil daily trend expires in 1 day, some consolidation in oil related names is possible.
코멘트
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It did go lower so far, didn't give me a chance to rejoin.
액티브 트레이드
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Back in the saddle, again. I mean, continuation signal.
코멘트
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The long signal that popped later worked, after the short was stopped out again. I didn't update this here, my bad. I did trade it, but caught half the move only. Tricky moves lately.