MONITORING UNTIL CONFLUENCES LINE UP.
I am currently watching the pair at the moment. considering the CAD index is also heavily influenced by the price of oil I see the CAD index picking up some momentum but the question is when. but on the other side of the table I am watching the GBP as well with extensions granted for the uk PARLIAMENT surrounding the Brexit situation. I see a potential scenario Forna short position here should more chaos unfold.
watching and waiting to see if price will break with a c lear break underneath the resistance and close below the inter trend line. around the. supply zone of 1.7420. were I will take a short position so until this happens this position is not valid for me.
Targets for this short should it meet confluences will be around the 61.8% zones around 1.7150 handle.
Until then its patience and letting price come to us.
I am currently watching the pair at the moment. considering the CAD index is also heavily influenced by the price of oil I see the CAD index picking up some momentum but the question is when. but on the other side of the table I am watching the GBP as well with extensions granted for the uk PARLIAMENT surrounding the Brexit situation. I see a potential scenario Forna short position here should more chaos unfold.
watching and waiting to see if price will break with a c lear break underneath the resistance and close below the inter trend line. around the. supply zone of 1.7420. were I will take a short position so until this happens this position is not valid for me.
Targets for this short should it meet confluences will be around the 61.8% zones around 1.7150 handle.
Until then its patience and letting price come to us.
Trade closed: stop reached:
Stop loss hit