My view on the USDCAD and Trading2dayFX performance

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September 18, 2015
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September 21, 2015

We had quite a roller coaster ride last week in the USDCAD with another rejection at 1.3320 and a push lower towards 1.30 soon after the announcement by the FED regarding the funds rate being held the same and postponing a rate hike. Technically the USDCAD has reached the top boundary of the Daily  Ichimoku cloud support as shown in the chart below.

USDCAD

Trading2day subscribers have access to my exclusive for subscribers account @trading2dayFX where they saw in real time my tweet where I opened a long position.

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USDCAD reached the Ichimoku cloud in the 4 hour chart as show below and we get some rejection signals. A rejection here could push price back towards the 38% or 61.8% Fibonacci retracement and that is why I took the decision to close my long position early today.

USDCAD2

Position was closed at 1.3193. I will be looking to go long again if price pulls back towards the 61.8% Fibonacci retracement or if price manages to break above the blue downward sloping trend line resistance that was the cause for so many price rejections and bearish reversals.

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In my exclusive for subscribers twitter accounts I post my analysis and all of my trades and orders placed. Both winners and losers are taken into account and below you can see my performance since mid August.

Performance pdf format.

Alexandros Yfantis
Alexandros Yfantis
Fascinated by financial markets, studied International Securities Investment and Banking in the UK, works as a Portfolio Manager in Greece and runs a technical analysis website. Enjoys travelling and spending time with his family and preparing for the black belt in Korean Karate.