USD/CAD Daily Video, January 19, 2017

[Sive Morten]

Good morning,

CAD forms interesting setup, but it demands some to be patient a bit and wait for clear reversal patterns before entry. Markets are a bit excited by innaguration looming. Thus, it makes us to be more exacting to reversal signs:



The technical portion of Sive's analysis owes a great deal to Joe DiNapoli's methods, and uses a number of Joe's proprietary indicators. Please note that Sive's analysis is his own view of the market and is not endorsed by Joe DiNapoli or any related companies.

 

[fxsmall]

Thanks Sive, nice price actions

 

[Venelin]

The last two B&B patterns failed as you can see. Let see about this one

 

[Brett Reynolds]

You don't always get perfect Double Repo's..but kind of a 'lookalike' pattern. I have notice that these patterns usually occur in some consolidation at some major support/resistence level etc. The 4 hour gives the game away and happens more often than on the Daily.
The Double repo gives rise to the 'Fry Pan' and J-hook patterns. I'm getting better and better at anticipating these moves. Eg. Look at perfect example on AUD/CAD these last 2 weeks.!?