Riding the bearish breakout on my fib lines by setting up a short stop order for this pair with TP @1.50 (psychological support) and SL @1.515 (few pips below the 0 fib line), but must monitor closely because of recent bearish sentiment on oil and CAD.
forextv.com/forex-analysis/canadian-dollar-drops-as-oil-prices-fall-on-oversupply-worries/
Daily:
Weekly:
Confidence: B (must close before the CAD trade balance and US NFP news tomorrow).
forextv.com/forex-analysis/canadian-dollar-drops-as-oil-prices-fall-on-oversupply-worries/
Daily:
Weekly:
Confidence: B (must close before the CAD trade balance and US NFP news tomorrow).
Trade closed manually
Manually closed before NFP news; will re-enter later or next week.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.