미국 달러 / 캐나다 달러
업데이트됨

Shorting USDCAD following Canadian CPI data

The Canadian CPI data came in higher than expected that dashing hopes of another large rate cut at the next meeting of the BoC. Coupling this with rising geopolitical tensions that have lead to weakness in the USD saw a fall of 0.4% in the USDCAD in yesterday's trading session. Overnight Canadian yields have increased while US yields fell.

The currency pair closed yesterday below 50% fib retracement and the rising trend established from September. The conditions appear to support a continued fall in the USDCAD.

I've put a sell on USDCAD with the following TPs

Entry 1.3952

TP1 - 1.3927
TP2 - 1.3882
TP3 - 1.3842
TP4 - 1.3822

SL - 1.4034

TP1 is set at the 62% FIB retracement level, the plan is to move SL to entry once this TP is hit.
액티브 트레이드
노트
The currency pair bounced off the 38% fib resistance level and we've seen a strong move down on the 4 hour candle. It continues to trade below the trend line and the 50% fib support. If we see a close below this support we should see a strong move down,
거래청산: 타겟 닿음
Ok so the move didn't happen however this trade is still in play...
노트
TP1 was hit and SL moved to entry
노트
Trade closed at entry

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