Think it can get a little closer to 1.24, but Idw to miss the boat
It seems to be bouncing off of the positively-sloped support line right now, so I am going to take a position and just let it sit for weeks and weeks hopefully. However, I think it can come back to 1.052-1.054, so I will look to get in around there and hopefully I don't miss the boat
Just got long, not gonna hang around this time
Think it needs to take a breather and come back a little
Can't think of a reason why not
It seems to be the dollar's turn now
Think it needs to take a breather and come back a little
It can't continue to go vertically down forever, right?
My "system," ie, indicators are telling me that USDCAD can go on a nice run on the daily and 4h charts but the price action seems a bit iffy in terms of confirmation. However, I feel like now is a good time to jump in in terms of risk/reward. I may be in a little early on this one but, again, I think the risk-reward ratio is there. The 4h and daily charts give me...
We have a pretty distinct cup and handle in NZDUSD on the daily view, and it appears that the price broke out of the handle--no matter where you draw the top line of the handle. In other words, here, I have drawn it in the most conservative way possible and it still has broken out. We appear a bit stretched on the 4h chart and 1h chart as well, although I admit I...
Will look to get in after one more dip on the 5m. Maybe .7675
Could get to 8.45 or maybe even 8.5. However, I think it could even be worth shorting within the next hour and seeing where it goes, seeing if the downside can get any traction. However, again, it might get to 8.45 or 8.5 in my view, so be prepared to take any gains from a short and look to re-enter
I'll be looking to short this on the 1h and 4h charts, possibly today, possibly in the next few hours
Shorting yen again...I think 50 is gonna be a nice resistance level for it to bounce off of