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Loonie

GoldCartel - Is Loonie ready for a breakout? or falling deeper?Here's the link to see the beginning of this analysis: Follow up analysis: So far, so good. Currently, my analysis and targets remain the same, I reckon if it can stay below the major daily trendline, USD will keep falling deeper to 1.295, and my final long-term target would be at 1.272 zones. There's also a potential bear flag on H4 Time-frame, a great sign of a bearish continuation. Catalyst: - US Sales data - US EIA - FOMC - US ADP - US Jobless claims - CAD Core Retail Sales - US CB leading index
Short
by GoldCartel
5
Dollar Dollar Loonie Ghost . 120-200 pips I don't know. I don't see anything. I drew some lines on a chart based on something I heard in chat. I can't even say this is my idea. I don't even know who said it, someone comes in chat and is like loosing his mind on this play going, "Ya'll gotta look at Loonie! Loonie loonie loonie!" And we're like, what time frame? What pair cad? Someone shows him 15 minutes, he buckles up and blow, "15! What hell 15!? 4! 12! Months! Take a nap!" I mean a fella tells you put on a trade, go take a nap, I need a nap. SO! Lookie lookie Loonie what's up? I dunno, numbers don't lie they say, so it was 92.66 and 1.3068, DXY USDCAD. What's up with oil? I dunno, heard sometthing something about Saudi finding more, "Surprise! We found more. Selfies from the Middles Peace!" So, DXY's bouncing, Canada, why so sad a duh? Who's on the See Saw? Who's falling off, who's buckled in? That guy's still shouting "CAD! Loonie! Nap!" in my head, so at least I made a chart so next time hoomie comes rolling in Loonie I'm a hot potato pass around. Long USDCAD 120 - 200 pips, sell the bitcoins buy a couch.
Long
by allthemoneys
GoldCartel - Loonie follow up analysisI reckon it will require consolidation inside the supply and demand zone while waiting for the next catalyst—a pretty good range for day trading. Currently my analysis and final targets remain the same as long as it stays below the down-trend channel. Here's the previous analysis: Catalyst: - CAD Manufacturing PMI - US ADP - US EIA - CAD Trade balance - US Unemployment claims - US ISM Manufacturing PMI - CAD Job data - US Average Hourly Earnings - NFP - US Jobless rate
Short
by GoldCartel
7
EURCAD - Trade Idea.EUR/CAD Cup & Handle Formation...! As I am sure you are aware, from the previous posts I've written and I will say it again: longer time frame indicators short time frame movement. I am long term bullish on EUR, since around 1.13 half to 1.14 areas.. By seeing this formation, makes me even bullish, but I want to get in at a cheap price, because that's what will give you the greatest R/R. Now today we have Powell speaking, which could shift the market in either direction. I won't be trading whilst this even occurs, as it could go either way with increasing amount of volatility. Technicians: Bullish formation - Cup and Handle formation - Bullish Flag forming - Keep support areas to keep an eye on Be sure to follow your trading plan, add your own technical analysis indicators. I'd wait for key pull back or break out of the bullish flag forming then pull back then add further risk towards the bullish momentum occurring. Just a trade idea, not a recommendation. All the best, Trade Journal
by Trade_Journal
Loonie, a nice risk-reward setup Based on current market conditions, this would be nicest BUY setup with a great risk-reward 👌 Happy Trading, Stay Green! ✌️ ➖➖➖➖➖➖➖➖➖➖➖➖➖ 💬 Please let me know your view about the idea 🔗 Check out the "Related ideas..." in the links below too ➖➖➖➖➖➖➖➖➖➖➖➖➖ 📌 Kindly note that Forexian is not a signal provider. The published idea is ONLY our views and analysis of the market! Forexian does not take any responsibility for your decisions and/or trades.
Long
by Forexian