Bull figures for the loonie but I am in a long trade. I bought at the break of yesterday's high. SL is a few ticks below yesterday's low. (My first target is the upper white dashed line (1-1 risk-reward) but 2nd and third targets are more ambitious. 2nd target is the red horiz. line.
We might have a bullish diamond breakout, and NFP helped test the lower diamond border after the breakout. let's see what happens.
alternative diamond version, in which during the NFP spike we first tested the upper border, then the lower border, but we have yet to break out of the formation.
Broke out but pulled back into the formation, for a potential double top. I am still in the long trade. If today's highs are not exceeded and the lows also hold, then another potential long set up is to place a limit buy above today's highs (betting on continuation of further bullish breakout).
A reverse trade for a 1-1 risk reward would be to short a break of yesterday's low, with a SL above today's high, but that would obviously go against the current strong uptrend, so I view it as a riskier option. Atm I only consider longs.
I am short on my favourite 4-hour charts. SL at the upper white dashed line. TP for 1st half of the trade at the bottom white dashed line. If the trade goes my way and depending on how quick it does so, SL and therefore TP will be adjusted.
A more conservative and obvious SL would be above the spike highs of last Friday, also a potential double top on the daily. But I have gone for the more aggressive placement.
this pair looks bullish to me a break of 1.2560 will send this pair to the 1.28's if that breaks then we will see a similar up move reaction to the yen when it broke the 1.21
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
this pair looks bullish to me a break of 1.2560 will send this pair to the 1.28's if that breaks then we will see a similar up move reaction to the yen when it broke the 1.21
Ignored
From about 3 other sources I've read expect a negative number lol. Good ol fxfactory <3
this pair looks bullish to me a break of 1.2560 will send this pair to the 1.28's if that breaks then we will see a similar up move reaction to the yen when it broke the 1.21
Ignored
I'm with ya. buys on gbpcad eurcad and usdcad here off of an overly negative sentiment from the release
The second major leg down of the USD has probably just started, and with a bang. I am shorting USD across the board. Short at every spike up, every pullback, every big bullish bar on the hourly charts: short their closes
