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
取消訂單
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.
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