It's kinda obvious for me that the USD will dominate CAD during the following months.
With the increasing probability of 4 rate hikes from the FED and sluggish oil prices, I see nothing but weakness from CAD.
Long term trendline approching, placed short entry at 1.32, SL at 1.33, TP at 1.28 (old resistance now found as support).
Since the long term trendline could be pierced without significant resistance, I also placed a buy entry at 1.33 (with TP @ 1.38)
Happy trading !
With the increasing probability of 4 rate hikes from the FED and sluggish oil prices, I see nothing but weakness from CAD.
Long term trendline approching, placed short entry at 1.32, SL at 1.33, TP at 1.28 (old resistance now found as support).
Since the long term trendline could be pierced without significant resistance, I also placed a buy entry at 1.33 (with TP @ 1.38)
Happy trading !
Trade chiuso: obiettivo raggiunto
Target reached (yay !)Need to break above 1.315
Should not be a problem in my opinion but it could takes some time (1 week ?).
Got 2 buy entries, 1 @ 1.28 and 1 @1.312
Nota
Re-opened LONG @1.2910. Target 1 : 1.30
If clearly broken ;
Target 2 : 1.32
Nota
Re-opened LONG @1.32Target 1 : 1.325
If clearly broken ;
Target 2 : 1.335
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.