USDCAD - 240 - Totally guessing here.
The fact that it is ready for a pop on 240 min chart, no doubt about it. The only question is where?
The Weekly is looking interesting. We managed to close underneath the 200 MA, which is a negative sign. But I know this pair likes surprising everyone, so I will stay a bit cautious, especially with all the news this week: Today - IR decision, Thursday - Ivey PMI and Friday - Unemployment Rate.
That's why I'm saying, we've got news that could move it. So, for today, I like the BUY side, but tomorrow I might change my opinion.
I will probably take the BUY side today with a target of around 1.24500 and a tight SL of around 1.23550 . Let's see what happens. I might be wrong...
Be careful and keep an eye on the price action!
The Weekly is looking interesting. We managed to close underneath the 200 MA, which is a negative sign. But I know this pair likes surprising everyone, so I will stay a bit cautious, especially with all the news this week: Today - IR decision, Thursday - Ivey PMI and Friday - Unemployment Rate.
That's why I'm saying, we've got news that could move it. So, for today, I like the BUY side, but tomorrow I might change my opinion.
I will probably take the BUY side today with a target of around 1.24500 and a tight SL of around 1.23550 . Let's see what happens. I might be wrong...
Be careful and keep an eye on the price action!
Comment:
And I was wrong.