USDCAD: Start buying now, and in the next 2 days
We can start buying USDCAD here, risk 1-3% with stop at 1.2916. If we go lower, increase the amount you buy each day at the close until we reach our max risk goal.
Then we can enjoy the uptrend, if the setup goes well, and eventually add more and tighten stops once it is confirmed.
Good luck,
Ivan Labrie.
Then we can enjoy the uptrend, if the setup goes well, and eventually add more and tighten stops once it is confirmed.
Good luck,
Ivan Labrie.
Trade closed manually:
The news about No OPEC adding to cuts might give this pair a bit more downside so let's stay out and watch it. I'm banking USDNOK in good profit here.
Trade active:
I'm long again.
Comment:
We can move stops to the entry price already.
Trade closed manually:
The price action is scary, I'm out of all FX trades for now, I think we can get a retracement in the dollar trend.
Comment:
I'll buy back after I cover my short.
If we get oversold, it'll be ideal to get aggressive with dollar buys soon.
If we get oversold, it'll be ideal to get aggressive with dollar buys soon.
Comment:
I think it won't go any lower.
