Don't risk more then %1 might be a early entry but let's see what we can produce. Don't have to high of hopes for this trade.
Wait till we enter this zone to determine if we should go long or not. Look at the strength of the bear candles if they're to strong hold on till we get some consolidation then enter. Based of the weak fundamentals CAD has performed last week. CAD'S Major weak fundamentals . - GDP m/m - CPI m/m - Core Retail Sales m/m Overall EUR will be stronger then CAD...
Fundamentals perspective along with following the downtrend that we can see. Also some really postive news for AUD which is still going through.
Trade i'll be watching. Keep an eye on this zone and set an alert once we reach to re analysis how it's being played out.
Trade setup i'll be watching. If bulls come in to fast and hard do not enter. I'm waiting to see a slow flow of bulls to an expected strong bear run.
A trade i'll be watching this week. Wait till we get to area then determine entry.
Aggressive entry Risk %1 Worries due to the incoming news.
Aggressive Entry. Risk %1 Worries due to the incoming news.
Idea is based from a technical analysis perspective.
Analysis based of trend following as well as watching the strength of bullish candles falling off.
We're at a level of interest we're in a uptrend on this time frame. Sellers momentum is starting to slow down.
Wait till we reach the area to buy. Overall we're still in buyers area and are now in the pullback.