Today, 2 pairs would have been great to trade but unfortunately I missed them mainly because I wanted a better price.
1. USDCAD
Perfect technical setting backed by the fundamentals (Poloz speech yesterday). All the signals lined up.
LONG @ 1.11265. TP @ 60/65 pips. SL @ 20 pips
Rationale: Following Poloz dovish speech yesterday, price broke several resistances the last being 1.11265. Then PA comes back to that level and establish it as new support.
I missed this trade because I was expecting price to come all the way down to 1.11060 but obviously, there were no sellers in the market.
2. XAUUSD
Very strong bearish trend since Monday. I missed all of it
Today, SHORT @ 1358.280. First TP @ 1350.680. SL @ 1368.107
Now I am watching AUDUSD.
Just broke support @ 0.91110 and testing 0.90950. If PA comes back close to 0.91110 and establish a new resistance there (30M chart), then I'll go SHORT with first TP @ 0.90880 (23 pips) and SL @ 0.91250 (14 pips). Price might actually go all the way down to 0.90635 (45 pips +)
1. USDCAD
Perfect technical setting backed by the fundamentals (Poloz speech yesterday). All the signals lined up.
LONG @ 1.11265. TP @ 60/65 pips. SL @ 20 pips
Rationale: Following Poloz dovish speech yesterday, price broke several resistances the last being 1.11265. Then PA comes back to that level and establish it as new support.
I missed this trade because I was expecting price to come all the way down to 1.11060 but obviously, there were no sellers in the market.
2. XAUUSD
Very strong bearish trend since Monday. I missed all of it
Today, SHORT @ 1358.280. First TP @ 1350.680. SL @ 1368.107
Now I am watching AUDUSD.
Just broke support @ 0.91110 and testing 0.90950. If PA comes back close to 0.91110 and establish a new resistance there (30M chart), then I'll go SHORT with first TP @ 0.90880 (23 pips) and SL @ 0.91250 (14 pips). Price might actually go all the way down to 0.90635 (45 pips +)