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Financial_Freedom
Jul 5, 2018 12:53 PM

USDCAD finding support? Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD finding support probably. Daily R-->S.
Tomorrow on 6 of July CAD is going to have some goods news (actually market expects good news) also NFP is on the way. It seems that the market is moving in the direction of the data from the start of the week and the news is priced in unless the deviation from the expected numbers are big enough.
Anyhow it's a game of probabilities.

Trade closed manually

NY session ended and it did not jump fast, closed it with some profit manually. I prefer not to risk money on this one now, under current conditions and specially tomorrow's news.
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