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….
— Alexandros Yfantis (@alexanderYf) July 26, 2017
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….
— Alexandros Yfantis (@alexanderYf) July 28, 2017
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.
— Alexandros Yfantis (@alexanderYf) July 31, 2017
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….