Earlier I posted going long the CAD, now USOIL has put in a resistance level. Time to be vigilant in taking long trades in the CAD. Its Friday and there is no news or catalyst left to push the market. Its all technical sentiment from here.
As long as oil pushes up it will help the CADJPY and USDCAD pairs move up. I wouldn't hold over the weekend though. Its too dangerous at this time.
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review of day:
Trade closed: target reached
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I ended the day. There is no need for me to trade for the rest of the day.
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Also, USOIL is showing stronger sentiment than earlier. Anyway, I am done.