I've been trading this pair for some time. I'm Canadian, so well aware of the news and what not related to this pair. I have been buying around the 1.30/31 level, no stops and let them run, manual close when i feel like it. I don't worry about the charts too much other than then watching trend. I also research what the banks are expecting the pair to do, RBC TD Canada Trust.. etc.. They post forecasts, while price might bounce around a fair bit, I presume the banks annalists are better than me. For example RBCs forecast:
My advice is to dumb down your trading, trade a pair you know. So in short, I'm long on this pair and practice patience to wait for an entry.
Best of luck
My advice is to dumb down your trading, trade a pair you know. So in short, I'm long on this pair and practice patience to wait for an entry.
Best of luck