USD/CAD heading lower

Trading Discussion
1

Hi all,

I’m not good in TA, whenever I tried it i just lost money, if I made money on 1 trade say a pattern I’d lose it when i took the next trade say another pattern or s/r level. I could never get it to work.

However I’m learning now in Mr. Tymen’s great trend trading thread and hope that maybe one day i can use TA.

But in the meantime I’ve consistently made money with FA 9 times out of 10 and I just wanted to share my view on USD/CAD pair.

USD/CAD will go much lower and not going up any time soon we may have rallies but next stop should be around 0.97

My views are based on the COT, contrarian indicators, OI and vol.

See you there :slight_smile:

2

It is very2 oversold. I think it will bounce back heavily when reaching 1.00

3

quite correct it did retrace. I have added to my short position and analysed it once again. I believe it has a long way to fall possibly 0.95

:slight_smile: