Good trading opportunity here for a swing trade on the long side assuming we could see a rebound due to lower equities and profit taking in oil. The cross soared on buy stop order flow just above the bearish trendline.

Trade Plan:

LONG on the dip to 0.9880 - 0.9860 (trendline support and 50% retracement)

STOP placed in 0.9825 just below the February 3rd low.

TARGET around 0.9980 resistance area.

Good luck!

César B.Leiceaga

Sell stop triggered at 1.0120 after breaching trendline support and sliding below the 61.8% Fib reference. Favouring the downside towards parity and S3 in 0.9985 while equities keep flying. Wait for the pullbacks to 1.0100/20s to start shorting.

Regards

César B.Leiceaga

To the moon after holding the golden 61.8% Fib in 1.0080s from the move 0.9975 - 1.0260s and about to retest 1.0240/60 top. Stay tuned! We could try some shorts on a counter trend trade but im happy with keeping todays profit

César B.Leiceaga

Watching usd/cad trading above pivot point but finding bearish pressure at the top of the descending channel around 1.0200s. Can we continue to the downside or are we close to an upside breakout? Stay tuned!

César B.Leiceaga

Can we close and hold 1.0160/80 area? If we can we’re headed to the 61.8 in 1.0220 zone.

Medium term trade idea: long @ 1.0160 Stop in 1.0110 Target in 1.0290.

Good luck!

César B.Leiceaga

BoC interest rate decision tomorrow and technically facing strong resistance level in 1.0480 (bearish trendline & 38.2 Fib) and 1.0500 handle.

The stop hunt below trendline support has been made and above 1.0420s as well. Tripping stops on both sides just in case someone is left on board.

I would consider a breakout above 1.0520s as a bullish signal and bearish whilst staying below this resistance area.

Focus on tomorrows data, that will be the trigger for a the confirmation we need.

César B.Leiceaga

http://www.fxstreet.com/technical/analysis-reports/currency-crosses-pairs-analysis/2010-07-26.html

Following with this mornings analyisis we had a break below triggering some stop loss orders reaching 1.03 handle.

Now I’m looking for the pullback to trendline resistance and base of the triangular pattern in 1.0350s, even 1.0400 figure to reinstate shorts here targeting 1.0280s support.

Good luck!

César B.Leiceaga

Usd/cad at trendline support and 50MA in the 4 hour at 1.0530 coming from a triple top in 1.0670 region.

Expect some short covering here and a stops to be filled below support area.

César B.Leiceaga

Shorted here for a few pips… stop 1.0457

César B.Leiceaga

Hi guys,

Just broke through the bullish trendline and touched 61.8% Fib support. Is it a stop hunt or a change of medium term trend? Next support in 1.0250…

Good luck!

César B.Leiceaga