I mentioned this one weeks ago and now watching and watching price very closely to see if we can atleast make a bounce out of this level of 91.500, if we can see some rejection on the 1 and 4hr ill definitely be looking at taking buy trades!
Hey everyone please let me know your thoughts in the comments.. I'm staying clear of USDCAD until be get a bit more direction so next week ill update if I'm looking at taking positions.
Huge sell off last week as the USD continues its rampage.. The only trade idea I have at the moment is some quick intra-day shorts back into the supportive low at 1.04 or a rejection from this area to create a longer term retracement. I'm not interested in any of the current areas and will be waiting for price to create some easier levels to trade from!
So price got messy and didn't respect the push up we simply got a pump and now price is back in a much easier zone. The next level ill be watching for buys is 1.69400, if we see rejection from here once more ill be look at taking advantage for a long back to 1.7 at least.
Multi timeframe price action analysis on EURAUD, more potential shorting opportunities if the market will satisfy our entry rules.