Waiting for long signal on USD/CAD
The Canadian fundamentals are still bearish. Oil is in the drain, as long as Oil stays under 33 we still have bullish case for this pair. We have to be careful of too bearishness in the market. Puts for Oil have surged to all time highs.
What and how to trade? We have to be aware of FOMC on Wednesday. Id FED hints that they have made a mistake USD will tank and everything else will rally. So if I will wait for a pullback during Asia and if tomorrow we have momentum during EU session I am going long this pair.
cheers
What and how to trade? We have to be aware of FOMC on Wednesday. Id FED hints that they have made a mistake USD will tank and everything else will rally. So if I will wait for a pullback during Asia and if tomorrow we have momentum during EU session I am going long this pair.
cheers
Note
initiated long trade, we probably will not get the retracement
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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.