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Squawk / 14 October 2016 at 12:24 GMT
Hypothesis Testing
United Kingdom
USDCAD chart attached...daily we are seeing the market yet again at the lower trend line so well established over the last month....but we keep seeing rallies and in particular the close price action failing...three day range broken again so short at price shown. 25% normal stake size and will scale if this move gains some traction.
14 October
Corto Maltese Corto Maltese
Nice to see a consensus on the same trade from Ian, Clive and yourself lol
14 October
fxtime fxtime
Hmmm obviously I should have read the prior posts rather than waste anyones time with the duplication. My post was a follow up from Tuesdays postings fwiw. Link attached.
https://www.tradingfloor.com/posts/usdcad-seems-to-be-stalling-and-possibly-about-to-give-a-change-in-trend-signal-imho-if-we-are-to-u-8128206
14 October
Feders Feders
No! It's good to see several point of view, at least for like me , unsecures! Thanks!
17 October
Corto Maltese Corto Maltese
Hi FXtime, does not want to break, do you still see it happening ?
17 October
fxtime fxtime
It is proving stubborn however it is not unusual to see a strong trend line broken then retested underneath as per chart attached. I remain bearish.
17 October
Corto Maltese Corto Maltese
tks
18 October
fxtime fxtime
USDCAD dips further....yipppeeeee :-)
Corto you should be nicely in profit so make sure to remember to trail your stops etc.

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