EURCAD Higher
Like buying EURCAD here.
We broke out of a range to the upside recently which i think holds and moves higher.
I think the narrative for CAD is changing, people were buying the CAD on a strong economy, good trade balance and a hawkish BoC . I think this is all moving in the opposite direction now while the EUR story is now moving in a good direction, we had some bad russia news this morning but i think this is more of a buy into rather than a sell for EURCAD. the EU energy story is better and people like the hawkish ECB.
rate differentials are higher, commodities are lower.
not trading/investment advice, feedback welcome.
We broke out of a range to the upside recently which i think holds and moves higher.
I think the narrative for CAD is changing, people were buying the CAD on a strong economy, good trade balance and a hawkish BoC . I think this is all moving in the opposite direction now while the EUR story is now moving in a good direction, we had some bad russia news this morning but i think this is more of a buy into rather than a sell for EURCAD. the EU energy story is better and people like the hawkish ECB.
rate differentials are higher, commodities are lower.
not trading/investment advice, feedback welcome.
Note
risking 2% on this oneNote
coming out of second one for 0.05% loss, keeping original tradeNote
entering again at 1.3277 now that the fed meeting is done
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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.
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.