Chart looks great. Candles formed. Decent stop. Will begin entering short position once market opens tomorrow.
Hey DD I am considering a long entry here, are you still thinking short? Futures markets are pointing at a down day tomorrow and the pair put on 20 pips today. I wanted to take a trade at open of market but I am fully committed on a audjpy position. (I have put the idea on this site) however that position is looking like it might end overnight and I am considering my next move
Yep I am still holding short. I will make a video lesson update on the 3 positions i blogged about @ http://www.theddreport.com I still think USDCAD is at the top of its range and will continue to fall back down to the bottom of the range, and my stop is placed @ the range break out. I will post video lesson on website/youtube page tonight explaining more. Also if you are interested in just following my trades automatically you can @ https://www.zulutrade.com/trader/163278
yep we have been seeing a big run up, I still think it will fall soon, if you look at weekly candles, the price is at a strong 5 year downward trend line, and I believe this will continue as this appears to be the longer term trend. I could always still be wrong, will just have to wait it out at this point :)