Sell USDCAD - Target: 1.305
Updated
Short USDCAD to ride possible rally in oil and consolidation in DXY. Better to short limit @1.33-1335 (38.2 fib and previous high), with initial TP near 1.315,but can be extended to 1.305 depending on price action.
Need to be careful because depending on Fed, DXY and Trump, it's possible for USDCAD to still extend its rally to 1.34 instead especially seasonality for this month is biased on the up side.
Weekly:
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Daily:
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Need to be careful because depending on Fed, DXY and Trump, it's possible for USDCAD to still extend its rally to 1.34 instead especially seasonality for this month is biased on the up side.
Weekly:
[img]
Daily:
[img]
Trade closed manually
Forgot to update comment-- manually closed bullish CAD trades to lock in gains same with oil last time (tradingview.com/chart/WTICOUSD/IjyYEKQE-Buy-Oil-Below-50-Target-55/) because of possibility of DXY to rise up to 100 aside from PMI news.[img]
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