Cabot101Management

Long term trade and pips to be had !!!!!

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Okay ,

This is now undervalued and with the USD getting the buyers stepping back in due to the US MKTS turning over and money being taken out , there is a risk off mood as cases rise of covid 19 in some states of america and India .

This will see the both oil pullback and the CAD weaken .

Good trade we have set entry on the T/L on the shorter time frame .

Happy trading people
Comment:
Comment:
Break this line where the arrow points and our trade will start to pull away upwards ...
Comment:
Trade is not active yet , decided to become a seller until the weekly T/L support comes into play its given too many reasons for the minute short term not to buy yet ...
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.