tradingbay
Short

USDCAD short for at least 100pips!!

FX:USDCAD   U.S. Dollar / Canadian Dollar
Clear formation, in for a sell here ! Looking for continuation! Any opnions on this one?? What do you think??
Comment: Moving my SL to 1.3350 !
Comment: CLOSED at 1.3295 -20pips

Comments

So you are going to keep the trade during the non farm employment change for US and Employment and Unemployment Change for Cad with extended stop loss?. Do you know that no one except the banks should be traiding the nfp, because it's unexpectable, whipsawing type of market action with all probabilities for huge stop run with massive volatility injection? If you are in a trade and already have drawdown, i would suggest you to close the trade and do not risk. But most people learn the hard way.
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@Lmp56, Well this week i made some good pips already, my risk management lets me do it! Anyway, i'll be online when reports come out! Keeping this one open yeeees
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@Lmp56, its actually the only one not secured in breakeven ! the rest is all running pretty blue.. i'll take the chances
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@Lmp56, I will look for re-enter on sunday night depending on the opening gap... daily candle closed 3 pips above 1.3300! I'm guessing a lot of buyers will come in..
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@Lmp56, but still looking for that short!! hehehe only way i can see this as a long shot, it's after 1.3350 mark
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Im also in a sell, retesting 1.33 again and being rejected. I think we just need to be patient and the big drop will come...*fingers crossed*

CAD has also been on a slump for a long time. I think that time has ended.
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Long on this one. So much stops on hedge funds level resting above 1.3300 level. Banks will take that with pleasure.
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@Lmp56, interesting! fundamentals data suggests long yeep.. So far, USD been very strong! I will think about going long here after break and re-test of 1.3350 zone!
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@tradingbay I think that it will push a little higher upwards before the plummet. I'd like to see 1.33200 retested.
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