USDCAD

[hunter]

Di ako napunta ng babypips.

"Members Only" Forum, nasa main page ng forum. Padala ka lang ng request sa webmaster.

thanks po ng maraming marami yeahbah... kuya or ate? tito or tita?

you can call me whatever you want baby

patay tayo dyan.. lol...

[hunter]

Hi Kuya Yeahbah,

Please correct me if I got it wrong, which would be anyway. I think UCAD's bearish trend is not yet over.

Attached below is a daily and a 4h chart. I've encircled resistance line 1, 2, and 3.
Line 1, is the major resistant, or so i think, that one has been violated. And becoming a support line for now.
Line 2, is the minor resistant? it tested the line but went back down.
Line 3, is i think going to be the new support line if there is a trend reversal, but it is being tested so far.

A hammer and a star seems to form simultaneously, and it got me confuse. What does it mean, trend reversal? Trend correction? Or simply irrelevant?

What do you think? Was my charting right?


Thanks for the patience!

[yeahbah]

Yup di pa tapos but I'm still think that usdcad is at bottom.

on H1, there's an AB=CD pattern. I'm just waiting for an opportunity to go long again.

Candle stick patterns are just signs or clues that the trend may reverse. It doesn't confirm trend reversals.

usdcad.PNG (16.66 KiB) Viewed 229 times

[yeahbah]

usdcad1.gif (34.68 KiB) Viewed 210 times

[hunter]

Kuya Yeahbah,

The chart and fibo target of 127% means that from this point, it will retrace back up, right? back to 1.1070? Since it has already reached it's maximum 0.00?

[hunter]

4 hour chart of UCAD

the lowest made in sept didn't last long, 1.06709 as a resistance was broken and it became a support.
1.06709 was tested as a support 4 times, Aug 2-5, Sept 7, Sept 22-23, Sept 30-Oct 1.

Does that make it a strong support from this moment on?

Iran and US is somewhat on a warzone now, changed it's FX transaction for oil to EUR. Oil is about to go up right, since Iran is also an OPEC member.

[yeahbah]

Di ko ma gets question mo he he

Explain ko na lang yung chart.

AB=CD (a 'lil extended) - buy at D

D is supposedly at 1.0713 but due to strong selling pressure it down to 78.6% retracement of swing 1.0590 - 1.0993.

There seems to be a strong support near 78.6% .

Buy trigger is when the price close above the blue line or just buy at 78.6%, stop loss at 1.0655

usdcad1.gif (36.62 KiB) Viewed 205 times

[yeahbah]

4 hour chart of UCAD

the lowest made in sept didn't last long, 1.06709 as a resistance was broken and it became a support.
1.06709 was tested as a support 4 times, Aug 2-5, Sept 7, Sept 22-23, Sept 30-Oct 1.

Does that make it a strong support from this moment on?

Yes.

Iran and US is somewhat on a warzone now, changed it's FX transaction for oil to EUR. Oil is about to go up right, since Iran is also an OPEC member.

Kailan ba hindi naging war ang US at middle east he he. I have no idea about fundamentals.

Change to EUR is old news.

Oil to go up? yan naman lagi gusto nila eh he he

[hunter]

ahaha! onga po e.. pro nag implement sila nung sept 29, that's what the news said.

long @ 1.0680
sl @ 1.06655
tp1 @ 1.07850
tp2 @ 1.1079

tama po ba?

[yeahbah]

ikaw na bahala kung tama o mali he he