SimplePhi

SimplePhi

UPDATE: Target 1 Hit. Profits Booked on First Position. UPDATE 2: Target 2 Hit. Profits Booked on Second Position. 2 CADJPY Short Positions Triggered with a dip down below the 200 SMA on H1 TF. Fundamentals Recent OIL Prices Devaluation, Canada's Seemingly Recessive Economy and Risk Aversion Vibes are all factors that may contribute to a weaker CAD. ...

SimplePhi

Update 1: SL was a little too tight. In reality SHort is still in play. SLs can't be moved on TradingView. Update 2: TP was hit at 121.423 Technical Factors: I like the Tweezer Tops on H4. The pair is currently trading below the 200,100 and 50 SMA. They are now dyniamic levels of Resistance. H1 has a number of rejection candlesticks off 122.900...

SimplePhi

Might be difficult to get this ball rolling with a smooth start but in the event of a proper channel breach (pictured) and a solid daily close below 1.100 , there's about 550 Pips on offer till the March low of 1.045 if risk aversion truly kicks in, coupled with a rapid devaluation of the EUR. The EUR is currently a moderately risky asset to hold what with...

SimplePhi

Fundamentally , OIL Prices have been dropping, coupled with recent poor data, suggesting that CAD may slip into recession. The number of Long OIL Futures has also been reducing from the Commercials each week (citation needed). No explicit data releases for CAD or CHF today. Technically , the H4 has mixed Tweezer Tops and an appealing Bearish Engulfing Bozu off...