On the other hand if you think oil will continue to rise USDCAD could revisits 1.30
However be careful Canada escalated trade war during weekend
I had 3 short positions open from 1.3380,1.33,1.3270
Tp 2 positions before weekend still have one open thinking of adding in blue zones.
Who is going to win Trump or mullahs?
I think the deciding factor is going to be USD
I got in with a short position at 74 with sl above 74.50 first target is 70
Tomorrow we have BOE
If you are a bear on GBP this could be another option especially if you think there is going to be a risk off environment (sell off in stocks especially Chinese one's Trump trade war excetera excetera)
Stops have to go at least above 146.300
Price retrace back to 50% fib and wP
Be careful OPEC meeting on friday
Iran is babbling that they will not increase oil production which probably pulled price up however i think it's irrelevant what mullas want
I have 2 longer term positions from lower levels i moved below 82.500
Today we have BOJ technically it looks barish but im not going to be surprised if we rally from here
If you are aggressive you can play it from here wit stop below low at 82.500
I have 3 open positions from lower levels i have just entered in small long with sl below 0.7500
I also have standard size order at 0.7600 close to 50 fib first target is again red trendline
You can look also at AUDJPY or NZDUSD
I have 2 positions from much lower levels im thinking of adding another stops have to go below 109.200 or 109.00 first target 111.00
Perssonaly i don't like to trade these pair because i'm fundamentally a bear on both USD and JPY
You can look for similar trades on AUDJPY or NZDJPY
Price is at first support.
On a daily chart price made a higher high although only slightly.
I have long position at 75.900 i will enter small long at current price and i have normal long order at 76.350.