USDCAD started it’s bounce

Κυματική ανάλυση ΓΔ και τραπεζικού
August 1, 2017
Τραπεζικός δείκτης σε πλάγιο-ανοδική κίνηση
August 2, 2017

The bearish trend had run its course for too long….Around 1.24 the signs we were getting from the RSI were calling for a reversal….

 

The RSI chart was forming a bullish wedge pattern that when was to break upwards, we would get our bullish reversal signal…and that is why I have been bullish around 1.2450.

USDCAD bounced towards 1.2570 and got rejected by the Ichimoku cloud, BUT finally we had made a higher high…all we needed was a higher low….and we got it….

 

Despite Oil making new highs above 50$ USDCAD did not follow below 1.24…so at the pull back from 1.2575 towards 1.2430-1.2450 we turned bullish and started buying.

 


Subscribers received my sms messages buying at 1.2475-1.2782 and 1.2520 and 1.2570 so we are now fully bullish USDCAD looking for  a strong bounce towards 1.27-1.28.

Trading is a whole different sport than analysis….trading makes me money…not selling analysis…..My premium sms service gives you just that…my trades…in real time…under real conditions…no paper trading…no dubious analysis that always forecasts every direction the market can take….when it comes to trading…there is no clearer way I can post my views and positions. Analysts don’t do that….they are all if’s and but’s….not here…here you get my trades. Nothing more nothing less…..

 

Thank you for taking the time to catch up on my thinking….

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.