Waiting
Updated
For all the reasons of my former idea, I'm still very bearish the CAD. Despite closing my prior trade for a loss because I was a little impatient with PA, I am willing to lose a couple more trades here because I firmly believe this is pair is headed for the moon.
Lots of stops resting below market at .3850. I would ideally like to see price collect those lows before heading higher. Sitting on my hands right now. I will need a break above .4000 to search for a day trade. Staying patient(hopefully) for now.
DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your results, these are merely ideas. Stay safe out there!
Lots of stops resting below market at .3850. I would ideally like to see price collect those lows before heading higher. Sitting on my hands right now. I will need a break above .4000 to search for a day trade. Staying patient(hopefully) for now.
DISCLAIMER
There is a very high degree of risk involved in trading. Past results are not indicative of future returns. I assume no responsibilities for your results, these are merely ideas. Stay safe out there!
Note
Forgot to mention that I am intently watching the DXY, which gapped up significantly aging this week. A move above 101 would be very bullish near term.Note
again***Note
SO, basically I have an alarm set for .4000 and .3850, sit on my hands until then!Note
Finishing my thought. We could get that sweep of the lows i was speaking of as the DXY fills the gap it made at this week's open. This would be ideal for my plan.
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