USDCAD NFP Big Short ahead (Very Important Analysis)
USDCAD have been a nice runner from yesterday after BoC announced rates decision, at the moment bigger picture is showing signs of weakness and to me personally it looks like market is likely to leave a multi-weeks high here as I can see momentum is weakening across the board though price rallying quite sharply.
We have NFP & Canada's unemployment figures tomorrow so I am expecting the market to consolidate for a while till news tomorrow and a start of fresh falls thereafter.
My trade plan is to build short positions on this market once it starts moving in my direction, it will be taking few days to meet the target so be patient as this is likely to be a big trade.
Trade Safe & Good Luck with it.
Thanks for your support.
We have NFP & Canada's unemployment figures tomorrow so I am expecting the market to consolidate for a while till news tomorrow and a start of fresh falls thereafter.
My trade plan is to build short positions on this market once it starts moving in my direction, it will be taking few days to meet the target so be patient as this is likely to be a big trade.
Trade Safe & Good Luck with it.
Thanks for your support.
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www.tradingview.com/x/gPvXereK/A lovely runner so far, will be looking to add into my positions next week if it keeps playing out.
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