Decided to long this pair USD/CAD @1.0366
SL: 1.0318
TP: 1.0415
Hope today's data goes as per forecast
SL: 1.0318
TP: 1.0415
Hope today's data goes as per forecast
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DislikedDecided to long this pair USD/CAD @1.0366 SL: 1.0318 TP: 1.0415 Hope today's data goes as per forecastIgnored
DislikedHow is the data negative? Expectations were met or exceeded for the most part. Also, if it's negative for CAD as you mentioned, wouldn't that be bullish for USD, causing the bull trend to continue? I hope you're right though, because I'm short this pair at the moment.Ignored
Disliked{quote} I was long on USD/CAD. But i saw the H4 TF MA20&50 is still bearishIgnored
Disliked{quote} Hey Lucky, the pair is in bearish mode and this will continue with the market open...Ignored
DislikedLet us look at the support and resistant levels to watch. Based on the order board, orders to buy USD/CAD are heavy at 103.26, 102.96 and 102.69 so with those orders in play a lot of support will keep the USD/CAD from running away like a train without brakes. The lowest it went today was 103.21 so the orders at 103.26 were filled with more being placed should the bears try to push lower to the psychological level 103.00. Here's some good news to reinforced the support level and also a good buy entry. The 10AM Eastern options expiry level for tomorrow...Ignored
DislikedAnyone who trades the USD/CAD knows its a patience trade. By the end of the week the bears will be cashing in to the bulls. The options barrier this morning was not held until 10:00am Eastern - it broke down at about 8:30am please continue to pay attention to the levels in the last post. 102.96 is holding and 102.69 is the back up. There is talk to target 1.0015 but that is to draw in more sellers to increase the rapid rise that will been seen when the bears bail out of their shorts. Be patient traders. @PK - All the best Correction in...Ignored
Disliked{quote} Just covered on that subject several months ago. Pretty powerful stuff. Logically makes sense.Ignored
Disliked{quote} @PKIMNYC: Yes thats correct - The options barriers for 10AM Eastern tomorrow Wednesday, July, 23 are 1.0260 and 1.0335 and trading range of 75pips. - what this will indicate is consolidation - and break outs come from consolidation. If you notice - I wrote orders are placed at 1.0269, 9 pips above the options expiry floor 1.0260 - The week could end in consolidation before the push UP - I would like to see it push before. Take care - great hearing from youIgnored