We got a retest and the fundamentals + technicals look good! USD should see weakness coming into the next week or so (as long as no one blows anyone up) CAD should see strength continue to play out into the coming week or so. Simple trade, good RR. Enjoy!
With everything going on globally you need to take any technical setups with a grain of salt. Brexit, US/Iran, US/China Trade Deal, Failing Global Financial System, on and on... Things are a bit chaotic at the moment. Simple trade setup, simple technical analysis
Taking a look at CXY, CAD looks to lose strength this coming week.
The descending channel, trends still holding up nicely. EXY to lose strength.
Short USDCAD. TONS of USD news tomorrow + Thanksgiving, go small!
Keep it simple. Go small. Enjoy the ride.
Jumped in a Short entry on NZDJPY on the hourly earlier today. Trends, zones, resistance. What more do you need?