Greetings: USD/CAD - Currently in the mid of the range (15M chart) and the best would be to stay aside. Depending from the power of the movement I would be watching for: * Sell @ 1.3435, with s/l: 7 to 10 pips with target around the mid of the range (short term trade) or * Buy @ 1.3370, with s/l: 7 to 10 pips with target around the mid of the range (short term trade)
Note: In case of strong breakout in one of the 2 entries, then will take the direction of movement (above entries will not be done), as I suppose the exit of the range will bring a nice impulse :)
USD/CAD still appears bullish but there is also a RSI divergence on the H1 time frame. However, it could continue moving to the upside for the moment and the divergence could deepen.
USD/CAD is very range-bound for the moment. In a few hours there will be
fresh economic data coming out of Canada that I think will end the
range, until then I won't be opening new positions.
I opened a long position after the initial drop after the NFP data came out. My target was at 1.3460, I don't think I will open other positions before the market closes this week.
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USD/CAD - Currently in the mid of the range (15M chart) and the best would be to stay aside. Depending from the power of the movement I would be watching for:
* Sell @ 1.3435, with s/l: 7 to 10 pips with target around the mid of the range (short term trade) or
* Buy @ 1.3370, with s/l: 7 to 10 pips with target around the mid of the range (short term trade)
Note: In case of strong breakout in one of the 2 entries, then will take the direction of movement (above entries will not be done), as I suppose the exit of the range will bring a nice impulse :)
Greetings,
USD/CAD on 1H looks ready to jump higher :)
If breaks above 1.3410 then we should go for test at 1.3425/30
Greetings,
USD/CAD - Asper market structure after the breaking the range, most likely soon we will go to 1.3550/55.