USD/CAD Daily Video, April 02, 2018

[Sive Morten]

Good morning,

Our long term CAD setup should start soon but some tricky moments exist around this scenario:





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.

 

[ward133]

Mr sive.
Again and again. Thank you a lot for all support and daily help you give us.

Now what you think about cad ? Any updates ? It seems it will break down ? Persoly I hope so

 

[Sive Morten]

Mr sive.
Again and again. Thank you a lot for all support and daily help you give us.

Now what you think about cad ? Any updates ? It seems it will break down ? Persoly I hope so

Hi Buddy.
Well, our first stage in trading plan has completed, as CAD has hit daily K-support area. If you've read weekly analysis carefully - this could become a trap and lead to DiNapoli "Oops!" pattern - failure of H&S and price return back above trend line. We've agreed to close shorts in this area and watch for market response to it - this is our second stage.
If market will be strong enough to break K-support and confirm H&S validity, then we could watch for lower targets...