What's good traders! Haven't posted here in a while, hope everyone is well. Thought i would share my thoughts on USDCAD.
Looking to jump into this tomorrow, will re analyse this once Asian range has passed to see if we can find a smaller TF Distribution Schem. Going with the overall structure and momentum of the market, I am looking for Sells only!
Awaiting the hourly pullback to the 1950 region before going Long. Mostly consolidated last week until the Fed speech. The DXY Is also sitting at a key level, so if that breaks we will see GOLD continue further. So let's see what happens from here!
Have a great weekend everyone
EURCAD, Boxed up, Waiting for a clear break of either side, Bounced nicely of our weekly high, My bias is Long, just due to the EUR Strength we have been seeing over the last few weeks! & The overall outlook being bullish.
We're currently in this trade for a short term Long position with 60+ pips locked in,Looking for multi touch on resistance line before entering for a Short opportunity. Larger structure showing an impulsive movement to the downside, we entered on the flag, when TP hits, we will be looking for a continuation to the down side. We will however be anticipating the...