Hi Peat
thats a coincidence,i overlaid your fib ext and see exactly what you mean,so are you long this one at present?
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Hi Peat
thats a coincidence,i overlaid your fib ext and see exactly what you mean,so are you long this one at present?
Roddy
My thoughts are/were CAD to be a short.
1.0742 is a major Gann line (heavy resistance was expected)
The action has already tested this Gann line and eased back.
regards -arco
Hi Arco
thanks for that,will stand aside for the moment then
no. its a theoretical stance only [8)]Quote:
quote:Originally posted by roddy
so are you long this one at present?
Roddy
There may be a trade to be had depending on your time frame, so may I suggest to keep your options open.
The Bollingers are currently tigtening on several time frames so keep an eye on those and you may be able to trade a break in whatever direction the action breaks away.
That would be one way of approaching the current situation and would allow for a very tight stop.
regards - arco
14/6
My thoughts are/were CAD to be a short......1.0742 is a major Gann line
Its taken awhile to get there but a major sell off yesterday gave
the opportuninty to grab 250 pips on the further fall.
The white Hammer/Harami on todays EOD chart looks interesting...
Good weekend all- arco
Could Loonie be in a basing pattern???
Weekly chart shows good divergence.
No position presently.
following closely your possible cad trade arco, getting close to cross on macd and stoch on daily
bollinger band contraction
support 10470
is it advisable to second guess oscillator cross or wait untill prints , i suppose a day in forex land is a long time and that cross could easily come unstuck
DA
Crossovers are just a message that something may be about to happen,
but dont count on them 100%. Confirm with other indicators (but not
too many - that can be just as confusing).
Recent observations.
The Q Stick on my Loonie chart seems to be following an EW pattern
currently a,b,c perhaps.....now that interesting.
Circa 1.0476 has held support now on 8 days through August.
rgds - arco
further weakness in usd looming ??