USDCAD. THIS PAIR IS VERY INTERESTING AT THE MOMENT. FOLLOWING THE RECENT NEGATIVE FUNDAMENTAL NEWS RELEASED ON THE CANADIAN DOLLAR WE SAW A STRONG IMPULSIVE MOVE TO THE UPSIDE ON THIS AND ACROSS ALL PAIRS ASSOCIATED TRADING TO THE CANADIAN DOLLAR, ON THE BACK OF THIS IT HAS PUSHED THE PRICE UP TO OUR KEY AREA, PRICE IS DUE A RETRACE AND I SEE A GOOD SETUP TO DO SO, AS DETAILED ON THE CHART MANY CONFLUENCES/CONFIRMATIONS SUPPORTING THIS IDEA WE JUST NEED PRICE ACTION TO JUSTIFY AN ENTRY, AS ALWAYS I WILL BE LOOKING ON THE 4HR/1D FOR MY CONFIRMATION THEN EXECUTING THE TRADE IDEA.
Trade active:
I OPENED SMALL POSITION AT TRENDLINE, CURRENTLY RISK FREE FOR ME