$USDCAD likes to do inverted Vs. Ramp, consolidate, fade. So the mirror fractal isn't a bad fit. Also it's in a bullish descending wedge. Trump-Trudeau and the Wilbur Ross confirmation today can only be bad for NAFTA, but as often happens, (GBP & EUR into Brexit), counterintuitive trading occurs before the event.
So we have three technicals, and one fundamental reason to support this. The possible spike down is a problem for cash trades (buy 1.2950 would need 200 pips). Suggest an March monthly option, or layer-buy (buy 1.2950, add 1.2900, 100pt SLs ...)
So we have three technicals, and one fundamental reason to support this. The possible spike down is a problem for cash trades (buy 1.2950 would need 200 pips). Suggest an March monthly option, or layer-buy (buy 1.2950, add 1.2900, 100pt SLs ...)
Comment:
Still inside, Trudeau was a non-event. Still looking for <1.30 to buy
Trade closed: target reached:
Textbook!
