This is a quarterly resistance so I consider it interesting to try considering the downside potential in this juncture. If we were to cross my stop, we'd have to see how it fares against the next red zone above. I'm thinking this is a significant low in the stocks and oil, and thus, a great chance to short USDCAD when there're no oil bulls left. Someone's holding all these giant CAD positions, and it's bleeding massively, they have to get squeezed soon, and I think the time is now.
If interested in receiving signals for Forex, Bitcoin, Stocks and Commodities, contact me privately for more information. We're trading multiple markets, in the short, intermediate and long term with my group.
Cheers,
Ivan Labrie.
Dagangan aktif
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Seems to be working.
Dagangan ditutup secara manual
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I covered at 1.445 today, didn't manage to update before. Looks like we're headed up. If short and losing get out asap. Target: 1.46981
Komen
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(I'm long btw)
Komen
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Closed long at 1.465, had stop at entry for remaining 25% of position (got stopped at BE) Now it's looking a like a top here.
Komen
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Talk about a good call...Shame my stop was too tight here.
You are very brave... I am also short too long oil... I do agree this should be a tech turn for a little bit. Do not know how much we will get out of it... will find out soon...
moorekapital
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And so , we punched through this KEY HOT ZONE soo hard!
As it stands, PRICE ACTION doesn't show any rejection of Higher Prices.
(Hence, going short Is risky for me)
However, Such huge bars , late in trends, often show climatic behaviours.
And this could send prices lower, But This isn't my style. It's better to follow
after the footprints of price.
Lanmar
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Agree with most recent comment - big time.
M4B0X.
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London selling, looking good.
M4B0X.
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Update: target hit:
IvanLabrie
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Yes, currently a support. There's some upside left in crude though.
Lanmar
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Should look into XLE if you think we're reversing now
IvanLabrie
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This one's a nicer trade...I also have TSLA longs already, and others in my portfolio. No need for XLE, personally.
Lanmar
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It is only nicer if your target is reached, which I think is far too ambitious at this time.
IvanLabrie
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Targets are just systematic...I don't care if not hit, the stop is tight. Any multiple of my initial risk is money.