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CAD

USDCAD LongWith USD still being fairly bullish at the moment including Latest NFP coming out quiet good and GDP coming out on Friday (29/07/16) predicted to be positive, right now seems the Sentiment on USD is strongly bullish. While the CAD has had some positive fundamental support it has been no match for the USD as Oil prices seem to give out some form of indecision/weakness in the Canadian Dollar. As I'm posting this my trade is currently running at just under 80pips profit. It was a nice break of that resistance at the 1.314 region. Which I am expecting to become a good support level in case of a reversal. So far I will stay bullish on this pair unless confluences build up against my bias and fundamentals no longer support my trade idea.
Long
by ovisbucks
$CADCHF | Targets Defined | Geo In ProgressHello Traders, $CADCHF is calling for a Geo' completion at 5" (Double Prime). Where as, my target for this pair is 0.72652, followed by a retacement back to 0.73843 completing Geo's Off-Set rule #3. As always I look for symmetry in the Geo', (which is a twist added to the Wolfe Wave by 4xForecaster). Always looking for the following in the Geo'. 1. ab=cd symmetry between points 1 and 2 2. ab=cd symmetry between points 2 and 3(although you might not always get this). 3. AB=CD symmetry between points 2-3 and 4-5. This final step typically tells you where the Geo' will complete. In this case, I am looking for it to go below the AB=CD symmetry before it retraces back to complete Geo's Off-Set Rule #3. Keep in mind the rules of the Geo': 1. Point 5 calls for 1-4 line as target (Bill Wolfe's rule for the Wolfe Wave). 2. Point 5' (Prime) calls for point 4 as a target. 3. Point 5" (Double Prime) or lower, calls for point 3 as a target. If you find this post helpful and would like more posts in greater detail, please let me know by liking, commenting and following. Best, Chartistry
Short
by GWaves
Long Term TradeThis is a long term trade, and I'm expecting it to look a little something like this. Take a buy at the very bottom of the channel possibly hitting tomorrow during news event, I expect it will test that area one more time, and I will ride the wave of pips all the way to the top of the Channel. Long term trade possibly multiple days and multiple weeks. Please do your own analysis. Taking a buy at the very bottom of the channel makes this a LOW risk and HIGH reward trade for me.
Long
by Sable
1