USDCAD LONG 2020-05-27
Updated
I'm still bullish this pair, we have taken out key stops on the daily chart. Honestly I'm surprised how reluctant the USD strength is, but again I'll say the case right now is more bullish USD an ever, I've read a story 90 countries are in need of an IMF bailout, short term i think this is all very bullish USD. Also we've had a little pop in the S&P which i'm interpreting as a false breakout before we head much, much lower. Lately the correlation between the S&P and USD seems to be a perfect -1.0.
If you look back I've written about waiting for this exact price action to unfold on the daily chart, staying patient is key!!
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!
If you look back I've written about waiting for this exact price action to unfold on the daily chart, staying patient is key!!
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
Swept lows on the daily again(nice work by the big boys)Looking for break above 15min and get in on retest, but its friday :((((((((( so idk if this will be happening. I will be up and ready on futures open, sunday could be low of the week next week, i do not like to hold over weekend in this market.
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fuck it i'm going for it, entry at 1.38stop below low or riskier stop right below obvious S/R ion 15min chart
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Taking some off
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