I am liking USDCAD longs for next week, pretty dependant on the data for next week. I have listed all my reasons for longs on USDCAD.
One thing I have not done is get married to longs and had a second scenario with potential sells at the high above resistance. We have a TL being used as res, which also needs taking out. I will be looking on positioning my self early in the week, with anticipation of holding through the cad data, as we are in need of a proper catalyst to break some barriers listed above. Everything is spot on so far on ALL tf's. But, things can quickly change and you need to be ready for that.
Being married to just one outcome on your chart, leads to frustration and psychology issues. Always have 2. But, of course your most favoured outcome!
lets see how this can play out.
One thing I have not done is get married to longs and had a second scenario with potential sells at the high above resistance. We have a TL being used as res, which also needs taking out. I will be looking on positioning my self early in the week, with anticipation of holding through the cad data, as we are in need of a proper catalyst to break some barriers listed above. Everything is spot on so far on ALL tf's. But, things can quickly change and you need to be ready for that.
Being married to just one outcome on your chart, leads to frustration and psychology issues. Always have 2. But, of course your most favoured outcome!
lets see how this can play out.