Usdcad

Discussion in 'Forex' started by Masterchanger, Feb 19, 2010.

  1. Short USDCAD
     
  2. Gramp

    Gramp

    There is a bearish trend developing on USDCAD pair.[​IMG]
     
  3. Gramp

    Gramp

    I can see two scenarios here – the basic (1) and alternative (2).[​IMG]
     
  4. doggyfx

    doggyfx

    So you suppose that prices may go up or down 50/50? Good analysis thanks :)
     
  5. Gramp

    Gramp

    I can see two scenarios here – the basic (1) and alternative (2).[​IMG]
     
  6. Depends on but to predict from daily, you need something else to guess.
    There is also a way to guess whether prices have hit top ...
    have a look at dictionary on patterns that talk about bottom/top.
    That pattern appears in 15min and 30 min charts when prices hit top/bottom.
     
  7. Gramp

    Gramp

    Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.[​IMG]
     
  8. Gramp

    Gramp

    Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision.[​IMG]
     
  9. Gramp

    Gramp

    I’m having a little loss right now, but I think I’ll close the deal with profit.[​IMG]
     
  10. Gramp

    Gramp

    The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.[​IMG]
     
    #10     May 9, 2016