USDCAD lower
I like trying USDCAD lower here.
we've had a huge run higher recently and it's looking pretty overbought on a lot of metrics, there's also nice resistance as it is a pivot from covid level in 2020 and we seem to be forming some sort of triple top here.
yield differentials are the main reason for the move higher and we are now moving lower which should help.
sentiment is extremely high - i don't think there's much more room for the upside in terms of sentiment. We do have US CPI coming up which will determine if i exit the trade early or not.
not trading/investment advise, feedback welcome!
we've had a huge run higher recently and it's looking pretty overbought on a lot of metrics, there's also nice resistance as it is a pivot from covid level in 2020 and we seem to be forming some sort of triple top here.
yield differentials are the main reason for the move higher and we are now moving lower which should help.
sentiment is extremely high - i don't think there's much more room for the upside in terms of sentiment. We do have US CPI coming up which will determine if i exit the trade early or not.
not trading/investment advise, feedback welcome!
Catatan
sold 2% risk at 1.743 with 1.764 stop loss and USDCAD again at 1.383 with 1.401 stop lossCatatan
come out at breakeven on these
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.