$USDCAD with $WTI showing signs of weakness. Correction rally? Long

U.S. Dollar/Canadian DollarFXCM

Description

⋅ May 15, 2015 5:43 PM

Technicals on the chart.
Pink dotted line is where the previous rate cut happened. (Old resistance)

Looking for it to hold here and test 1.2300s area.

Fundamentals on related idea.

Comments

IvanLabrie

⋅ May 19, 2015 8:57 AM

Working great!

IvanLabrie

⋅ May 15, 2015 6:05 PM

Same view. I'm aiming for a retest of the high but we'll see.

workingtraders

⋅ May 19, 2015 3:02 AM

very nice follow thru :) nice pips bagged.

PriceActionTrading

⋅ May 17, 2015 3:28 PM

Agree. Looking to see this go long and CADJPY continue downwards.

jangseohee

⋅ May 16, 2015 7:50 AM

saw the divergence 2 days ago and long at 1.19400

wwfm

⋅ May 15, 2015 5:44 PM

agree, oil prices a falling again and taking down CAD

workingtraders

⋅ May 15, 2015 5:47 PM

At the least a small pull towards 54.00