Usd/cad

[Raj]

The daily chart will close TT, and the 60min only had a 382 bounce, so we may be headed for deeper retrace.

:)

[Raj]

Judging by the angle on those daily wicks, we may be in a small pennant...see attatched 15min chart...breakout trade may be in order.

:)

[Raj]

There was some pips to be had after we broke bearish out of the pennant support, but I took a trade this morning for almost 50 pips after the 60min gave us a small MS at the 50 fib.

:)

[Raj]

Cad monthly chart has some nice bullish candles...keep buying bullish CF's to the target

:)

[pipsqueakr]

Raj, Thanks for the heads up on the monthly charts... up until recently my idea of long term was a 1H chart... good to see a bit further out :)

[Raj]

Another nice 240 signal, and we're making our way to D target. Watch the horse lattitudes!!

:)

[Raj]

I don't like the possible TT forming here - may get pullback from the horse lattitudes, but this area is a tough one to crack on the daily chart....watching carefully

:)

[Raj]

I'm keeping an eye on this development at the 86 fib...market is trying to form 240 MS. Waiting to see how the candle closes.

:)

[Raj]

No case for bulls. Rather nice CF's for further shorts

:)

[Rob123]

[ATTACH]1379[/ATTACH What you think Raj - fairly tight confluence with 550 round number . Rob

[Raj]

Rob if its gets up there and you get a 30/60 CF, sure, but keep in mind the big Ab swing.

:)

[Rob123]

Got me about 30pips out this one .You all have a good weekend. Rob

[Raj]

Nice work Rob!!

Enjoy

[Raj]

240 bullish CF happening at the daily support. Let's see if we're going back up

:)

[Raj]

I wouldn't attemp any longs unless we break the Sk

:)

[Raj]

This is the move I've been waiting a few days on!!
daily in cons, 240 chart finds support at the 127 after a swing that had no fib hit at all


:)

[Raj]

Saw the dbl top happening at the 618 this morning, so I grabbed some pips on the mildly good news on the Cad front. Also took the CF on eur/cad at the 382 res.

:)

[Raj]

Althought the daily chart is in that consolidation range mentioned in earlier posts and there is the posibility of reaching the cons res again, the 240 is in a bear crown setup sitting at the 618 res so far. Going to see if a CF forms here.

:)

[Raj]

We got a beautiful bearish candle on the 60min, so short from 1.0645. Just going to watch the supports.

:)

[Raj]

RT working out nicely...took an additional short entry just now on the Tweezer Tops on the 60chart.

:)

[Raj]

RT trade has given some handsome profits. I've attatched 60min showing additional entry points as far as trading the 60min chart.

Happy Pipping

:)

[liadex]

Raj-- do you think we should look for longs on the CAD as it has hit the "horse" latitudes on the 60 and 240 charts and I have a D ext hit on the 60 as my latest swing was an 86??

I have tried to attach my 60 min will see what happens-- beware blond operating a computer!!!
1523

[Raj]

Liz, I've attatched daily, 240 and latest 60min charts with Ab boundries (big AB and small ab). You can follow the 60min....keep shorting the CF's at res fibs.

No longs on CAD!!!


:)

[liadex]

Raj:

Thanks but perhaps a scalp for the retrace?? I will sit on my hands as there is a lot of resistance about 30 pips away.

Thanks again Raj

[Raj]

Liz, its levels like this one - 1.0108 where you see convergences like two 127 support fibs that you can scalp the counter trend move. But its best to get in right at that price and be careful not to be greedy on a counter trend trade

:)

[liadex]

Raj--

As always thanks for the great insight

Liz

[Raj]

There was a nice setup on cad which I caught the last tail of, but this gartley pattern is one of the most profitable ones as far as patterns go. Converging resistances with a CF (bearish engulfing candle) to boot.

:)

[Raj]

Cad daily chart has an ES at the 382 fib, and now the 60min chart is set-up for a bear crown...will be looking for that RT entry, hopefully at 618 res

:)

[Raj]

Kurt, I hope you're on this....Friday I said watch this one!!

:)

[Raj]

Cad has setup for a possible bear crown...watch the resistance fibs

:)

[Raj]

Some resistances to watch

:)

[Raj]

I was hoping we would have come to the 786 fib for a nice RT entry, but unfortunately its happening at the 618, and it happened during the European session, so I missed it. Such is life. Will try to find an entry later.

:)

[Raj]

The 240 chart still has an upswing, and currently TB...there may be a chance to grap some pips off that 786 res...so i'm leaving my order in place.

:)