i also like short usdcad. It broke a triple top last week and I am currently short and again has alot of room to the downside. The primary trend is still down.
Double and triple tops and bottoms typically occur at market extremes; what you have is a mere retracement of the major move.
I believe that is what i said!!! lol
you forgot the chart, a few words do not accurately convey your thoughts
Sure it does!!!
It was a big day for Yen pairs, all up over 100pips at one point, the odd thing is US stocks sold off today, Currencies are saying the risk-on trade is on, but stocks are not following through
CADJPY is at major resistance level which hasn’t been broken since 2017.
That major resistance is still in play, maybe we get a small pull back here then bust through
Running a bit late
looks like a mixed day,
America might be falling apart but the markets don’t seem to care
This book is something else…it is quite difficult to read.
Big up day for Yen pairs
Stocks are having their best day in a month
Then this article shows up just as the buy the dip traders ( I am one of them) is being well rewarded today
Another big day, CADJPY up now 300 pips, ( did someone say CADJPY was at major resistance)
We have not seen moves like this in a long time, this is what makes currency trading fun
GBPJPY is a pips beast. It moves insane pips even on a Friday.
That is why holding it is called “riding the dragon”