USDCAD: Weakness in oil overdone?

19. Dez. 2018

USDCAD
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Price action at top of Resistance line of Parallel Channel
- Widening of EMA
- Stochastic Overbought momentum (W1, D1 & H4)
- Fundamentally, market is starting to expect FED to be more dovish in their hiking path, and may steer USD weakness. Global demand is weaker which has affected oil prices but the move seems extreme.

Suggested Trade:
Entry @ Area of Interest 1.3440 - 1.3500
SL: 1.3521
TP: 1.3252
RR: Approx. 3.56 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

21. Dez. 2018

Trade ist aktiv

21. Dez. 2018

Trade geschlossen: Stop wurde erreicht

21. Dez. 2018

Trade ist aktiv

Reentering trade as setup is still valid.

Adjust SL levels to 1.3607
and move TP levels to 1.3192

4. Jan. 2019

Anmerkung

Trade was reentered again.

Lock in half profits and move SL to BE. Run the remaining position totally risk free.

13. Jan. 2019

Trade geschlossen: Ziel wurde erreicht