$USDCAD: Lagging oil...
I plotted inverse oil here vs 
USDCAD, it seems there's a nice opportunity for a big short to close that spread. I'm long 
CADJPY and short USDCAD from earlier today, now made some time to post the weekly signal in USDCAD, which is cooking here. If price breaks 1.24603, a weekly down trend with a target @ 1.16536 will be active, predicting a 18 week decline is setting up. Stop loss for this setup should be a bit above the light red horizontal line on chart.
Best of luck,
Cheers.
Ivan.
USDCAD, it seems there's a nice opportunity for a big short to close that spread. I'm long CADJPY and short USDCAD from earlier today, now made some time to post the weekly signal in USDCAD, which is cooking here. If price breaks 1.24603, a weekly down trend with a target @ 1.16536 will be active, predicting a 18 week decline is setting up. Stop loss for this setup should be a bit above the light red horizontal line on chart.Best of luck,
Cheers.
Ivan.
İşlem aktif
Not
Holding USDCAD...
Not
Not
Not
Daily target hit: Weekly is still valid, so, holding it...
Not
I correct myself, the big signal here is in the monthly timeframe, not weekly.The local weekly trend is smaller, and part of the swing from the last top 8 weeks ago.
Here it is in monthly scale, in all its glory, plotted vs inverse oil.
Not
4 more weeks to go before consolidation in weekly scale. (this can trigger a monthly signal, which might justify holding it)
İşlem elle kapatılmış
Banked it here, will wait for a new daily set up to rejoin, the weekly trend is active, monthly not yet. Oil daily trend expires in 1 day, some consolidation in oil related names is possible.
Not
It did go lower so far, didn't give me a chance to rejoin.İşlem aktif
Back in the saddle, again. I mean, continuation signal.
Not
The long signal that popped later worked, after the short was stopped out again. I didn't update this here, my bad. I did trade it, but caught half the move only. Tricky moves lately.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.