Based on the gap and price action, and also in line with current crude oil strength, this pair still has room to go down to 1.30 before possibly bouncing up again tomorrow. Entering a short stop order and monitoring its price action today.
dailyfx.com/forex/technical/home/analysis/usd-cad/2016/12/12/USDCAD-Technical-Analysis-Thrust-Warns-Of-Further-USDCAD-Downside.html?DFXfeeds=forex:technical:home:analysis:usd-cad
D:
W:
dailyfx.com/forex/technical/home/analysis/usd-cad/2016/12/12/USDCAD-Technical-Analysis-Thrust-Warns-Of-Further-USDCAD-Downside.html?DFXfeeds=forex:technical:home:analysis:usd-cad
D:
W:
Order cancelled
Stop order wasn't hit overnight, cancelling this trade to avoid possible volatility risk later. Will resume trading USD pairs after Fed decision.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.