only thing im waiting for to truly go long on this pair is the CAD Cash Rate thats coming up here within 4 hours, but 1.2875 is the avg price for usd cad. I've been watching it for days.. the pair has obviously found support but the cash rate is the only thing putting pressure on the cad. That happens at 10AM EST.
Oil has dropped, dollar(dxy) has hid a demand zone, those are all the confirmations i need.
so Avg entry is 1.2875 (i will be wait for cash rate spike to get in at a lower price)
My first take profit is not until 1.292, that is literally 135 pips, im just going to take 40% off and let it run to it's full potential. all of my take profit's are on the chart....
REMEMBER CAD CASH RATE MAY SPIKE THIS DOWN WITHIN THE NEXT 4 HOURS
Oil has dropped, dollar(dxy) has hid a demand zone, those are all the confirmations i need.
so Avg entry is 1.2875 (i will be wait for cash rate spike to get in at a lower price)
My first take profit is not until 1.292, that is literally 135 pips, im just going to take 40% off and let it run to it's full potential. all of my take profit's are on the chart....
REMEMBER CAD CASH RATE MAY SPIKE THIS DOWN WITHIN THE NEXT 4 HOURS