USD/CAD

May 23, 2018

I am in this sell from where it broke the high. I did not have time to post. The idea here is to break the low to that .618 with the potential of it going down much further longer term. It doesn't have to go to that underlined 1.618 or break the low, but pattern wise seems like it should continue down I would think to at least equal length to 1.236 extension. I marked the .786 level above (see small yellow arrow) as a possible place to get exact entry on it breaking the high of this consolidation, but it just shot down. I would look for sells or at least watch that level I mentioned should it push up again to break the consolidation high.

May 25, 2018

Note

working out worse now huh? Sorry bud, That daily candles look like a buy. Not a good look st this point. But I still wouldn't be surprised to see it break the high and pull back down but not the best pair to be in.

Jun 4, 2018

Note

this will still be a nice sell. The larger structure hasn't changed. If it goes up higher I will basically be looking for something resembling a large flat pattern. Might go down to about thw 126.00 level. But that is longer term trade. Then I will be expecting another buy from that area