In this chart I'm adding an overlay of USDJPY to show what I'm expecting to occur in the coming days/weeks.
It's possible to see further declines, but we need the chart to give us a valid time at mode trend signal to short it again, namely a correction before a new sharp decline. It's also possible this happens in a small timeframe and might not be observable in the daily, so I'll be monitoring for entry carefully.
It's clear that USDJPY has been leading USDCAD in the uptrend from the 2013 low to date, so I'm fairly certain it'll slide down some more once USDJPY resumes the decline to 113 or even as low as 102.
I've closed my equity longs for the time being, and will start looking for associated setups.
If interested in coaching and/or trading signals, contact me directly. I'm currently providing a special promotion for the coming week, since I think this and next week will give us probably some of the best trading opportunities of the year.
Cheers,
Ivan Labrie.
It's possible to see further declines, but we need the chart to give us a valid time at mode trend signal to short it again, namely a correction before a new sharp decline. It's also possible this happens in a small timeframe and might not be observable in the daily, so I'll be monitoring for entry carefully.
It's clear that USDJPY has been leading USDCAD in the uptrend from the 2013 low to date, so I'm fairly certain it'll slide down some more once USDJPY resumes the decline to 113 or even as low as 102.
I've closed my equity longs for the time being, and will start looking for associated setups.
If interested in coaching and/or trading signals, contact me directly. I'm currently providing a special promotion for the coming week, since I think this and next week will give us probably some of the best trading opportunities of the year.
Cheers,
Ivan Labrie.
코멘트:
Oil has reached my uptrend target in the short term. We might get a consolidation or reversal.
코멘트:
I'm short AUDCAD, but looking to rejoin this and also add USDRUB.
코멘트:
USDCAD is in a consolidation but oil's forming a nice uptrend continuation pattern. Expect more shorts in this pair soon.
액티브 트레이드:
Following the analysis, usdjpy lead the way...I'm entering a USDCAD long off this support level.
코멘트:
Added to the USDCAD longs, I'll close the 2nd entry 100 pips higher more or less.
코멘트:
This retracement is really serious.
I closed my longs with 2.75% profits, but didn't reshort.
I closed my longs with 2.75% profits, but didn't reshort.
코멘트:
If we get a retracement we can short again.
코멘트:
I got the retracement entry and shorted USDCAD again. Aiming for new lows. USDJPY still has room to fall to 113 easily, and potentially 102.
코멘트:
Will USDCAD follow the lead in USDJPY...I'd like to find out so I'll short it.
액티브 트레이드:
Shorted again, big downside possible.
코멘트:
Great progress today, added to shorts.
Now usdjpy is retracing, the relationship between these two pairs is excellent, a very useful pattern.
Now usdjpy is retracing, the relationship between these two pairs is excellent, a very useful pattern.
코멘트:
Long term target.
Long term target.
코멘트:
We might have a rebound before resuming the decline.
코멘트:
The FOMC support has finally failed...Downside to 1.3 opens up with high probability.
We also have a new potential time at mode downtrend signal.
We also have a new potential time at mode downtrend signal.
코멘트:
As a sidenote, the usdjpy leg up matched the start of a new leg down in usdcad, as illustrated by my analysis of this cyclical pattern. Seems to be a good barometer for this trade.
코멘트:
The last two legs down and now up have been synchronized in usdjpy and usdcad. This is atypical behavior. I think the bottom might be in for the dollar (at least vs these two currencies)
코멘트:
Going by this analysis we could expect a retracement in usdcad.
