Pay attention to this pair, it's possible to have a breakout to the upside pushed by :
fundamentals : the us economy still doing well relative to the canadian one, especially with the lack of reactivity from the central bank of Canada + uncertainty and negativity over oil prices ( with the algerians wanting to add more supply ) ..
Technicals : the price made a retracement to the orange line '' charging '' more momentum to possibly break the resistance area tested many times, so it could take some time before breaking it.
I saw a lot of traders make this as a potential sell, and they could be right, but personally I don't see that.
Listen to no body, copy no body .. make your own analysis and decisions and add as much fundamentals and technicals filters to your side.
Good luck
fundamentals : the us economy still doing well relative to the canadian one, especially with the lack of reactivity from the central bank of Canada + uncertainty and negativity over oil prices ( with the algerians wanting to add more supply ) ..
Technicals : the price made a retracement to the orange line '' charging '' more momentum to possibly break the resistance area tested many times, so it could take some time before breaking it.
I saw a lot of traders make this as a potential sell, and they could be right, but personally I don't see that.
Listen to no body, copy no body .. make your own analysis and decisions and add as much fundamentals and technicals filters to your side.
Good luck
ออเดอร์ถูกยกเลิก:
We didn't get the breakout the we wanted due to the unexpected quick deal agreement in the OPEC pushing the CAD higher.
But I still green after the trade launched last week ( 22/09 ), so I'm stopped with my trailing stop.
Important : No trade is done only by being totally directional ( hit or lose ) but an overall portfolio with ideas and themes.
But I still green after the trade launched last week ( 22/09 ), so I'm stopped with my trailing stop.
Important : No trade is done only by being totally directional ( hit or lose ) but an overall portfolio with ideas and themes.