USDCAD - 2 Options with NFP and Oil Sentiment
Leaning towards a short for this pair with 2 possible entries with NFP coming.
Choice between foregoing ~ 120 pips profit if PA turns in this idea's favor or risk losing ~100 pips if it does not
Oil market sentiment improving with shale oil drillers cutting production but in the immediate time frame will be drowned by NFP release. Forecast to be ~200K but 190K and below should be enough to send this back to the bottom of the trend line.
PA could have already turned by time of posting so be on the look out for a downward move on this pair
Choice between foregoing ~ 120 pips profit if PA turns in this idea's favor or risk losing ~100 pips if it does not
Oil market sentiment improving with shale oil drillers cutting production but in the immediate time frame will be drowned by NFP release. Forecast to be ~200K but 190K and below should be enough to send this back to the bottom of the trend line.
PA could have already turned by time of posting so be on the look out for a downward move on this pair
Trade active:
Put small lot on the aggressive entry at bottom of PRZ
Comment:
Closed short last night @ 1.28 - left Sell stop order active ready and lurking.
Order cancelled:
Cancelled sell stop order - see no point in risking gap forming ( either way ) at start of next trading session after the weekend