$USDCAD: Lagging oil...

٨ أكتوبر ٢٠٢١

I plotted inverse oil here vs USDCAD, it seems there's a nice opportunity for a big short to close that spread. I'm long CADJPY and short USDCAD from earlier today, now made some time to post the weekly signal in USDCAD, which is cooking here. If price breaks 1.24603, a weekly down trend with a target @ 1.16536 will be active, predicting a 18 week decline is setting up. Stop loss for this setup should be a bit above the light red horizontal line on chart.

Best of luck,

Cheers.

Ivan.

٨ أكتوبر ٢٠٢١

تم فتح الصفقة

١١ أكتوبر ٢٠٢١

ملاحظة

This one isn't doing much yet, action in the Yen is surpassing that in the CAD, oil moved up but CAD once again under performing it today...I'm holding and waiting.

١٢ أكتوبر ٢٠٢١

ملاحظة

Holding USDCAD...

١٣ أكتوبر ٢٠٢١

ملاحظة

١٣ أكتوبر ٢٠٢١

ملاحظة

١٤ أكتوبر ٢٠٢١

ملاحظة

Daily target hit:
Weekly is still valid, so, holding it...

١٤ أكتوبر ٢٠٢١

ملاحظة

I correct myself, the big signal here is in the monthly timeframe, not weekly.
The local weekly trend is smaller, and part of the swing from the last top 8 weeks ago.

Here it is in monthly scale, in all its glory, plotted vs inverse oil.

١٤ أكتوبر ٢٠٢١

ملاحظة

4 more weeks to go before consolidation in weekly scale. (this can trigger a monthly signal, which might justify holding it)

١٥ أكتوبر ٢٠٢١

تم إغلاق الصفقة يدويًا

Banked it here, will wait for a new daily set up to rejoin, the weekly trend is active, monthly not yet. Oil daily trend expires in 1 day, some consolidation in oil related names is possible.

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ملاحظة

It did go lower so far, didn't give me a chance to rejoin.

٢٧ أكتوبر ٢٠٢١

تم فتح الصفقة

Back in the saddle, again. I mean, continuation signal.

١١ نوفمبر ٢٠٢١

ملاحظة

The long signal that popped later worked, after the short was stopped out again. I didn't update this here, my bad. I did trade it, but caught half the move only. Tricky moves lately.