Well, price always retraces somewhere and its at a level of previous 'buy' clusters on the 4 hour timeframe - as well hitting an up trendline so although not for me - there is a decent chance of a bounce here

USD/CAD

​Its because it was massively over extended..

USD/CAD

I agree, this is the reaction point and if it's going back up : right here is where the buy orders are stacked

USD/CAD

...Longer term target for me is off 1.3500 which by coincidence also fits in with this projection I received from my broker (LCG) earlier this morning. The Bank of Canada refrained from cutting its bank rate which sent the USDCAD to 1.4492 yet the ...

USD/CAD

Whilst 1.4000 is also my initial target for the sells taken in recent weeks there are quite a few obstacles to get there and given the power in the move up, I'd expect this journey will have a few twists and turns...

USD/CAD

I'm pleased a lot of us got in for the short trade. Personally I've just covered as it offered the opportunity to hit my (meagre) monthly target. Frustratingly I took on a few CAD shorts weeks ago so I've got a bit of book balancing to do to clear ...

USD/CAD

​Good call, that move has cleaned things up a bit

USD/CAD

A fair bit of turbulence here for the sellers. I trade a mean reversion strategy so drawdown is endured rather than enjoyed and a feathered approach to trade entries is needed to weather the prevailing trend. Added to shorts above 1.4665 with break ...

USD/CAD

Adding into shorts at 1.4600 for a retrace back to 1.4000

USD/CAD

I share your frustration- from here it's a "rinsing" exercise my side shorting above 1.4530...but this technique isn't for everyone

USD/CAD

For me there's been a head fake on the USD CAD 30/60 min timeframes but shorts are proving a painful excursion at present. Oil appears to have found some interest off $30...for now at least

USD/CAD

​Well, I'm feathering in shorts (have been for a while) and stacking them in from 4375 - 4385...

USD/CAD