UP MOMENTUM
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From a fundamental standpoint, the Bank of Canada is going dovish, considering QE,
and the Price of USOIL, has the risk of losing traction, and Canada's economy is somewhat contracting.
Meanwhile, US economy is expanding, and the USD has its best bullish rush.
I would not sell such a strong bull rush .
Technically, we have three (3) giant bull candles, and my volume cannot push that volume downward,
can yours? On the sideward arrow, it is bearish, but the high on that bearish candle makes it possible for price to go that high now.
all in all, we have data coming out Thurs and Friday, and USD , ( DXY ) may continue its win streak.
Not to mention .... not only do we have a break of trend line, but an explosive momentum break with possible
fundamental motivation.
and the Price of USOIL, has the risk of losing traction, and Canada's economy is somewhat contracting.
Meanwhile, US economy is expanding, and the USD has its best bullish rush.
I would not sell such a strong bull rush .
Technically, we have three (3) giant bull candles, and my volume cannot push that volume downward,
can yours? On the sideward arrow, it is bearish, but the high on that bearish candle makes it possible for price to go that high now.
all in all, we have data coming out Thurs and Friday, and USD , ( DXY ) may continue its win streak.
Not to mention .... not only do we have a break of trend line, but an explosive momentum break with possible
fundamental motivation.
Ghi chú
I will be watching the Day Candles, to see if it has a significant sign of reversal.
Right, now this could be a trend retracement,
as DXY (USD) is up on the Majors, and USDJPY.
Ghi chú
Dollar gaining steam against majors that are stronger than CAD,so CAD will likely follow suit.
Ghi chú
will watch USDJPY and EURUSD for insights on USDCADGhi chú
Friday News will have to be the mover of this pairGiao dịch đang hoạt động
Friday, scalping this pair, long term position trades on other pairsGhi chú
Iraq and Iran refuse to reduce oil output. Russia most likely to decline as well. USD has fundamental advantages, economy etc....Ghi chú
Giao dịch đang hoạt động
Entered market at 1.33875Đã hủy lệnh
The bears looked really hungary on this candle , so I pulled my money out of the market. I had a stop at Break Even, so I just decided to get some pips
and get out early. Break Even stop if mostly for price crashes and sleeping. So, I just gained some pips, and took trade off manually at 1.33940
Ghi chú
The bears looked really hungary on this candle , so I pulled my money
out of the market. I had a stop at Break Even, so I just decided to get some pips
and get out early. Break Even stop if mostly for price crashes and sleeping. So, I just gained some pips, and took trade off manually at 1.33940
Đã hủy lệnh
I won't be trading this pair . I still have the upward bias, and will directing my attention and resources to GBPUSD
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