USDCAD Goal line

AnotherBrian · Post by **AnotherBrian** » Wed Feb 04, 2015 2:48 pm

Thanks Dude. I'm shorting more levels on the 15 min TF.
I set my targets to the 1.20220 area, using the 4 hr TF.

Watching it bounce around during daytime trading EST is very interesting.

AnotherBrian · Post by **AnotherBrian** » Wed Feb 04, 2015 11:37 pm

dudest » Wed Feb 04, 2015 1:00 am wrote:Nice call on starting the shorts earlier AB!

I was hoping for a retracement to 1.27 ( to form an 'M' ) but didn't happen

Let's see what it shapes up into

Cheers

I think it will happen. It might take a few more days, and Thursdays are very heavy for volume, look for it soon. See next post....

AnotherBrian · Post by **AnotherBrian** » Wed Feb 04, 2015 11:43 pm

I'm still in my initial short position and going to add to it - shown on the 30 min chart below.

But before that, here are the level on the higher timeframes. Some strong reactions going on.

The red level seems to very very strong, the current price action penetrated it very little.

USDCADMonthly.png

This shows current price just got slightly inside the level.

USDCADH4.png

This seems like an untested fresh level.
Price is working on getting through the red flat line, should break tomorrow then head right up to the zone. Might be a good breakout out buy scalp to just under that zone.

USDCADM30.png

Note: This is not a recommendation.

Post by **Geges** » Thu Feb 05, 2015 12:20 am

I closed all shorts yesterday

...and I'm just observing now.
Will be a good learning experience forward.

AnotherBrian · Post by **AnotherBrian** » Thu Feb 05, 2015 4:00 am

Geges » Wed Feb 04, 2015 7:20 pm wrote:I closed all shorts yesterday ...and I'm just observing now.
Will be a good learning experience forward.

You made a nice profit then, good job. If this upper level doesn't hold it will be a wait and see!

dudest · Post by **dudest** » Wed Feb 11, 2015 6:17 am

Have pending shorts at 61.8 and 73.6 Fib retraces

20150211_usdcad_h4_pending_shorts_levels.png

.

AnotherBrian · Post by **AnotherBrian** » Wed Feb 11, 2015 3:14 pm

dudest » Wed Feb 11, 2015 1:17 am wrote:Have pending shorts at 61.8 and 73.6 Fib retraces

.

I closed out my short a days ago for some pips. I'm right there with you on re-shorting, haven't figured out my entry yet. I'll use your numbers and levels, since confluence brings in the most orders.

AnotherBrian · Post by **AnotherBrian** » Mon Mar 02, 2015 8:03 pm

Waiting for the next set-up.
I posted it on a different thread with a template file.
http://www.stevehopwoodforex.com/phpBB3 ... 59#p116359

AnotherBrian · Post by **AnotherBrian** » Tue May 26, 2015 8:43 pm

Price is creeping back up now, the is a good level approaching on the daily. Are you ready?

O - look at the monthly - what do you think? Long term look.....

addseo1115 · Post by **addseo1115** » Wed May 27, 2015 7:41 am

It seems so good information.
hanks for sharing the useful links.