U.S. Dollar / Canadian Dollar
Long
Updated

USDCAD Setup

details on chart.
Note
If usdcad didnt clear 1.277 then expect another fall below 1.27.

I am short as well from 1.2755 with stop 1.277 with just 15 pips.
Note
So far it is struggling to clear 1.277.. downside targets are 127 and 126.7
Note
As said earlier remaining below 1.277 was very negative and good data boosted ucad going below 1.27. I am out from sell now with 80 pips profit.
Note
Close 75% position with 150 pips and remain at BE.
Note
Going above 1.29 would be very positive today.
Note
If today ucad remains below 1.29 then expect towards 1.277 and below..

I am short as well from 1.2848
Note
55 sma of 4hr is giving good resistance close to 1.285
Note
285 pips profit...

Disclaimer