Sell USDCAD to continue overarching bearish trend following a test (and rejection) at 1.30 major psychological resistance.
No Year-on-Year fundamentals for either USD or CAD until 6 days after trade opens. Suggest closing position before USD YoY Consumer Price Index announcement on Tuesday 13th March @ 12:30pm.
NOTE: Analysis on Weekly chart, actually entry on...
EURUSD broke the 1.120 minor psychological level a couple of days ago and price has now retraced back to that level.
Expect price to bounce off the support-turned-resistance, completing the retracement and signalling another bearish move.
I'll enter once price has convincingly bounced off the resistance and will open two trades - the first will close for a 1.0...
EURJPY - The 122.0 Major Psychological Support has been tested several times already, with lower highs being made each time.
The breakout looks to favour the horizontal support, as this will continue the strong bearish trend.
Entry - Approx 20 pips below previous low.
Exit 1 - Just above the 120.0 support
Exit 2 - Currently at 3.5 Risk/Reward Ratio but will need...
