Trader_AndyNg

USDCAD: Risk-ON + Head and Shoulder

Trader_AndyNg Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
USD: safe heaven pressure
CAD: While oil and risk-on support
Comment:
Still remain Risk-On situation.
May keep this trade for further

Monitor OPEC and Oil movement
To avoid any Oil price impact to CAD
Trade closed manually:
58.4pips profit!!
Although it still Risk-on situation, but USDCAD Volatility not big enough to push USDCAD further lower.

It is wasting time and may impact by other external factory to cause the pair rally. Eg, OPEC oil negotiation, other country oil production increase and so on.

Thus, to talk profit within 30 hours.
Comment:
Gosh, Full profit if does not TP early!!
But, anyway uncertain period, safety is much more better.
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.