I believe support base built in the last couple hours is enough to support a push towards high of yesterday. Traders are probably focussing on bullish trenline break on the short side and I do not see any conviction yet so starting a long here.
Weekly/Monthy market structure is up for USDCAD. Canadian fundamentals are weak with oil prices at historic lows, Gold helps but any pushback on the price of Gold will simply make USDCAD explode to upside.
I am only looking for Longs within this market at the moment. I Got stopped out of initial long at 1.4000 because I added size too quickly, so looking to get...
Bitcoin has been consolidating quietly. I find it interesting on how it now trades similarly to currencies based on chat pattern. We are bouncing on horizontal and trend line support. Good R:R for a long here!
40% Short interest. Days to cover > 4... Acquisition in the work. Long consolidation. A close above 25 will necessitate some shorts to close their position. I am long since the acquisition news.
FX:USOIL has broken horizontal trendline support and should consolidate lower. This is going to support USDCAD to appreciate in time. Gold is really hot right now so that's something against the pair but if Gold starts to top out, correlation should do its work here and get a nice price adjustment on the pair. Primary long term up trend still intact and...
