USD CAD: Bullish momentum will carry on?
On 1st February a divergence with RSI combined with news that strenghten the greenback produced a run towards 1.25901 close to the 1.26000.
I set my targets this morning and traded the upword momentum with short time binary options but volatility on this pair may be tricky therefore I don't want to stay on the move for too long. Only when I see momentum I try to grab it. Long term my targets are shown in the chart. These targets may change subject to how the market develops. Please note that I am not a professional trader and these are only my personal ideas. Please check with people that have experience with this pair and read news and other ideas to form and improve yours. Thank you for following and for sharing ideas.
I set my targets this morning and traded the upword momentum with short time binary options but volatility on this pair may be tricky therefore I don't want to stay on the move for too long. Only when I see momentum I try to grab it. Long term my targets are shown in the chart. These targets may change subject to how the market develops. Please note that I am not a professional trader and these are only my personal ideas. Please check with people that have experience with this pair and read news and other ideas to form and improve yours. Thank you for following and for sharing ideas.
Commento:
Here is the link of an idea posted by MEX_Exchange. In my view this is an excellent idea in case pair lose momentum.
