For anyone who was trading this with me earlier, I am still looking to buy up to 13339. Obviously usdcad is in consolidation and there's a whole host of events going on with oil's potential push up into the $50 per barrel mark, which will strengthen the CAD. Since we got such a great entry on this from 125.18, I pulled a little profit off the first lots at the last highs, and we are well positioned to ride a pending breech of 128.23 into where the next potential lows will manifest- (127.37-12672. Watch for the break of the latest uptrendline. Many of you who positioned from the 1.25 area probably removed this at 1.30. If this breaks the uptrendline, watch for fast dips as it clears buyers at 1.2823 and then look for the reentry zone around the one hour .618 at 12672 or the strong area of past resistance as it becomes future support at 1.2737. Thanks!!
Trade active:
Looking for the break of 1.3016 and we will let the spinnaker out on this one and look for 1.3339!
Trade active:
ROCKKKK and ROLLLLLLLL!
Trade active:
Hey guys, this will get a little windy here and there as oil moves up and down, but dollar is long and should push us into the target this week. I don't know that and I don't pretend to when I trade, but signs are pointing long and I am holding into the target. Thanks!!!
Trade active:
You guys ready to add on?
Trade active:
I've added from a 12930 averaged position. Pulled a little bit off and watching closely. This could come back a bit, but if oil breaks 49.25 will leave it on. We are getting a turn off the $50 mark. Thanks!