USDCAD current situation


if you are trading on USDCAD i suggest you currently look for sell, this makes your ratio higher!

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Sell now, or buy I think, yes, for sure!

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Interesting. Why do you think so?

What proportion of the time will the eventual break-out from a range of the type shown on your chart be a continuation of the directional bias prior to the range (in this case, upwards)?

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If the US imposes 25% tariffs on CA imports to the US, we could see price shoot up, possibly to $1.5. Mark Feb 1st on your calendar.

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Also, from a TA standpoint, price is somewhat starting to resemble a bull flag:

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lower highs, stronger bearish candles and a resistance level that is holding


i understand your logic but what i think is that this is the area the price should touch before continuing to go higher.

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I’m assuming you’re referring to the shaded area marked out below, which is a strong level. You may very well be right, it’s important to look at all possibilities.

I’m from Canada and these tariff threats are a very hot topic right now.

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nice to meet you. thank you for your comment

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check the chart now! I highlighted the place that I recommended you to sell, but I’m surprised to see that sudden jump!

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Interesting update to your thread. (I hadn’t actually seen it before.) And well done, of course, on the general direction! :sunglasses:

Thanks :slight_smile: honestly I do not post anything before making sure its true, I hate to ruin other peoples money, the reason I do not come up with details is the same, i did not see that high coming, but I did see the possibility for something awkward to hit the SLs , so I just said what I was almost sure of

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You did well. You were right, for sure. :slight_smile: