USDCAD Simple Trading Plans Updated
CAD CPI hotter than expected, but not causing a huge difference in expectations on MP.
USDCAD has ranged very well, and that kind of news sits well for this to continue.
1) Tech Basis lies on a falling Market, key levels above for re-shorts.
2) Sentiment supports a drifting slightly to the downside, BOC slightly ahead of the FED. Easily could change on US data.
Entries/Exits planned as shown.
USDCAD has ranged very well, and that kind of news sits well for this to continue.
1) Tech Basis lies on a falling Market, key levels above for re-shorts.
2) Sentiment supports a drifting slightly to the downside, BOC slightly ahead of the FED. Easily could change on US data.
Entries/Exits planned as shown.
Note
Sentiment case now support slight dollar buying, which I take preference on into Monday.Note
Re-shorts committed.Note
Trajectory going as drawn. Levels for longs / shorts:Note
Update:
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Free Pro Multi Asset Trading Guide:
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
bit.ly/learnttm
Free Discord Secret Server:
discord.gg/tXAcxFVCJU
Posts Not financial advice.
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.