kiwiwalnut
Long

NFP to kick off Head & Shoulders

FX:USDCAD   U.S. Dollar / Canadian Dollar
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Despite positive GDP release for CAD - oil outlook in short term looks bleak.

US data still more positive than what pundits made out too be by Auntie Yellen speech - where she literally laid down the law on Fed decisions. No more guess work on what the Fed are going to do; its all data from here.

Expecting NFP to kick off head and shoulders pattern before bouncing off MA 200.

Will be monitoring oil futures next week to help support price movements for this idea

- Trade your plan and within your limits -
Mar 31
Trade active: Trade triggered just below 1.29 area.
Mar 31
Comment: Expecting a move back down towards 1.29300 area. Will assess whether to add to long position
Mar 31
Comment: Missed opp. to add to position - will wait and see next opp
Apr 01
Comment: Waiting to add small long at 38.2 fib on 1.30600 ~
Getting ready to switch to short
Apr 02
Comment: Small long stopped - assessing whether double bottom will form instead
Apr 04
Trade closed manually: I know I am going to kick my teeth for closing this but this pair is loving that downward trend line too much for my liking
Apr 05
Comment: Feeling silly right about now
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