FX:USDCAD   U.S. Dollar/Canadian Dollar
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On 9/05/2016 I took a SHORT position on USDCAD             and again it's good to recap your open trades in the weekend where the markets are closed.

Out of my 3 trades this is probably the most risky one because my STOP needs to be placed pretty far above previous support even when risk&reward is positive our loss would be noticable.

TARGET has been rised to previous support indicating it could hold again and not break trough that support.

RSI Shows overbought and DIVERGENCE


From a longer term view crude oil             on the montly seems to recover and gold             will likely continue to rise since the previous breakout it is at a retracement point where you can see XAUUSD             moving bearish it's acctually a retracement on the daily
As some of you know crude oil             and gold             are one of the most import and if gold             goes up there is likely a negative correlation between USDCAD             and gold             wich means USDCAD             would go bearish .
lukelehepuu
6 months ago
This is a good summary and trading idea :)
Reply
AnriErikanov lukelehepuu
6 months ago
Thanks brother.
Reply
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