5/Jan - USDCAD, wait for stop hunt formation as SIGNAL?
Fundamental:
1) US-IRAN war may mistake attack Oil factory/manufacture.
This may cause Oil price increase which cause CAD going to rally (Not always the case).
2) Canadian economy look fairly positive, BoC stated economy is "operating near capacity" along with stronger wage growth supporting consumer spending.
3) US, market sentiment believe the risk to US monetary policy 50/50 Fed cuts rate next 12months.
4) US, Phase 2 negotiation are expected and more challenging.
5) US, Manufacturing PMI does not able to reach prediction or even low than 50 point which cause economic outlook towards downward.
Entry:
1) Consider USDCAD drop with good entry
2) Wait for any possible signal (War, stop-hunt, iceberg, good and cheap technical entry point)
Beware:
1) Audio squawk
2) Mon- US William (Neutral) speak about US policy
3) Price action pattern between the range of 1.3010 - 1.3027
1) US-IRAN war may mistake attack Oil factory/manufacture.
This may cause Oil price increase which cause CAD going to rally (Not always the case).
2) Canadian economy look fairly positive, BoC stated economy is "operating near capacity" along with stronger wage growth supporting consumer spending.
3) US, market sentiment believe the risk to US monetary policy 50/50 Fed cuts rate next 12months.
4) US, Phase 2 negotiation are expected and more challenging.
5) US, Manufacturing PMI does not able to reach prediction or even low than 50 point which cause economic outlook towards downward.
Entry:
1) Consider USDCAD drop with good entry
2) Wait for any possible signal (War, stop-hunt, iceberg, good and cheap technical entry point)
Beware:
1) Audio squawk
2) Mon- US William (Neutral) speak about US policy
3) Price action pattern between the range of 1.3010 - 1.3027
Order cancelled:
Expired