Hi,
Many of you guys already talked about this one today.
I'm looking only for sell and not considering any long positions.
CAD dived after BOC . It was expected and we successfully traded it(previous idea).
Dynamics of oil prices not helping either but i think it's already in a price.
We trading in a range of 300 pips and approaching now to top of this channel. RSI overbought. MACD suggests that impulse up is weakening .
In my opinion there is no much potential for the move to the upside after our previous trade. I'm going to sell it for sure if Canadian data today will be better than US.
Good luck!
Many of you guys already talked about this one today.
I'm looking only for sell and not considering any long positions.
CAD dived after BOC . It was expected and we successfully traded it(previous idea).
Dynamics of oil prices not helping either but i think it's already in a price.
We trading in a range of 300 pips and approaching now to top of this channel. RSI overbought. MACD suggests that impulse up is weakening .
In my opinion there is no much potential for the move to the upside after our previous trade. I'm going to sell it for sure if Canadian data today will be better than US.
Good luck!
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Target 1.3220
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