CME:D61!   Canadian Dollar Futures
14 1 1
Really looking for price to get into our discount zone which is the area between the purple (89 week sma ) and the yellow (89 day sma ) to make a trade in the direction of the trend. However, this is an exhaustion candle here with the red arrow. This indicates the market testing new higher highs and then closing much lower than the high. The market didn't like those high prices and got exhausted.

Small opportunity but nevertheless an opportunity.

One could sell the futures contract or short the call option for a more conservative option (Pun intended)!

Futures trading involves series risk of financial loss and is not suitable for every investor.
I'm in a similar trade right now. (but I'm pairing it against long oil)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out