DislikedHello dear traders, I did close USD/JPY on the breakeven. Anyway, I did an analysis on majors right now and found an interesting opportunity on the USD/CAD. I bought USD/CAD from 1.3380. Will mention a few reasons for my decision. Let's start with the market profile view. I found that today's value is overlapping to higher relative to the yesterday, which is a sign that short-term trend is bullish. Also, I found a weak high at 1.3400 and I expect the breakout of that level. Seems like some group of traders did scale out positions there but there...Ignored
Just quick update on the USD/CAD position. Nothing especially changed on the market, the analysis that I posted yesterday is still active and today I even add more probability that position will be good due to POC migrating higher relative to yesterday and as you know from the previous post the absorption volume on the futures market and up-thrust from the median downward channel line is adding more weakness on CAD. Weak high at the price of 1.3400 is vital for further upside on USD/CAD but I do expect a breakout. On that way, professionals will catch off guard sellers who still expect lower prices and take their stops above 1.3400 and on the same way force those sellers to exit or start buying, which will add even more power to our bullish position. Keep in mind that we got holidays today and on Monday. I found a few very good opportunities on other instruments/markets but that is only for members of the ProsperiumFX. I am calling you to join and become a part of our trading group I am sure your trading will become much more profitable and efficient with our Daily Reports and intensive program.
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Have a great weekend and talk to you on Monday...
Best Regards,
Petar
"Buy on fear, sell on greed !!!