We saw a drama last week Thursday at the ECB monitory rate and policy release where EUR took a sharp turn around against many trader's views.
As the QE button has been pressed, we watch the direction of the pair and see a possible trading setup we can get.
I will wait as market opens and see the price break key zones and retest them with rejections and signals...
another point of notice is double top on smaller time frames.
Please comment and like!
I will be using parameters like the following
Hopefully this gives us good trade downside
In few hours today we will get rate decision and comments from ECB!
We are away ECB has been moving towards more lowering of rate and all forms on currency devaluation possible!
The market today is expecting to get an information for continuous sell off of EUR!
Looking at the EUR pairs, there is a very good indication that the expectation has been priced in,...
I am expecting USD to get stronger short term and if cad gets weaker, that will encourage this short term upward move.
USDCAD is currently on a support and experiencing rejections,
If we get full confirmation would love to catch some pullback pips here.
Get your personal confirmation before you jump in please,
Seeing the new development between US and China how China is releasing tarrif on some of the US goods showing good strength on USD is expected somehow.
As a safe heaven, Gold is usually where investors run to in trade war crisis, but when there seems to be peace, some buyers begin to sell.
As the trade war seems to be quietening a bit, the...