Despite positive GDP release for CAD - oil outlook in short term looks bleak.
US data still more positive than what pundits made out too be by Auntie Yellen speech - where she literally laid down the law on Fed decisions. No more guess work on what the Fed are going to do; its all data from here.
Expecting NFP to kick off head and shoulders pattern before bouncing off MA 200.
Will be monitoring oil futures next week to help support price movements for this idea
- Trade your plan and within your limits -
US data still more positive than what pundits made out too be by Auntie Yellen speech - where she literally laid down the law on Fed decisions. No more guess work on what the Fed are going to do; its all data from here.
Expecting NFP to kick off head and shoulders pattern before bouncing off MA 200.
Will be monitoring oil futures next week to help support price movements for this idea
- Trade your plan and within your limits -
Trade active:
Trade triggered just below 1.29 area.
Comment:
Expecting a move back down towards 1.29300 area. Will assess whether to add to long position
Comment:
Missed opp. to add to position - will wait and see next opp
Comment:
Waiting to add small long at 38.2 fib on 1.30600 ~
Getting ready to switch to short
Getting ready to switch to short
Comment:
Small long stopped - assessing whether double bottom will form instead
Trade closed manually:
I know I am going to kick my teeth for closing this but this pair is loving that downward trend line too much for my liking
Comment:
Feeling silly right about now
Related Ideas
Mini SH
kiwiwalnut
about NZDCAD