Hi traders,
Hope you guys are having a great weekend so far. I'm back analysing some charts good for this week.
Currently looking at USDCAD. Price finally took a turn after 9 days of falling. PLUS we have a bullish engulfing candle on the daily chart. That being said, i look for this pair to go higher after some retracements. I may be a tough one as USD seems to be very berish after the fed minutes and everyone is waiting for Yellen's speech on friday.
I will plan to go long at the .50 fib level at (1.28281) with SL at 1.2794 (~-40pp) with TP 1.2986 (~150pp)
Small risk as this may go down if oil continues to rally.
All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
Hope you guys are having a great weekend so far. I'm back analysing some charts good for this week.
Currently looking at USDCAD. Price finally took a turn after 9 days of falling. PLUS we have a bullish engulfing candle on the daily chart. That being said, i look for this pair to go higher after some retracements. I may be a tough one as USD seems to be very berish after the fed minutes and everyone is waiting for Yellen's speech on friday.
I will plan to go long at the .50 fib level at (1.28281) with SL at 1.2794 (~-40pp) with TP 1.2986 (~150pp)
Small risk as this may go down if oil continues to rally.
All the best and trade safe guys.
Please give this idea a like if you share the same view.
Follow me to show your support! I will genuinely appreciate it!
Order cancelled:
Price didn't retrace to a lower level for me to go long, wanted to get a better price but it moved up without me. On to the next one!