How to accumulate long term profits - USD/CAD
Hey traders!
This is my Weekly Trading Plan, which I will be following in the next couple of weeks most likely. Below I am sharing details regarding Target Zones and upcoming Economic events for this week to take notice on.
You can check the full plan with explanations on Youtube.
Target Zone 1: 1.2705 - 1.2675
Target Zone 2: 1.2565 - 1.2530
M30 Watch-Out Level: 1.2815
Economic Events:
1st of May - 18:30 GMT
Bank of Canada’s Poloz Speech regarding Household Debt
Take notes on what he has to say as it can give us a relevant view on the current economical state of Canada.
2nd of May - 18:00 GMT
USD FOMC Rate Decision
An event that will most likely cause strong volatility throughout the lower time frames. Expectancy is for the Rates to remain the same at 1.75%. This has already been priced in on the market, so if there is no change I expect a dive for the USD.
3rd of May - 14:00 GMT
USD ISM Non-Manufacturing Services
A report that is expected to come out very close to the previous readings. Nevertheless I will take it in to account as it might bring short term volatility on the lower time frames.
4th of May - 12:30 GMT
USD Non-farm Payrolls
USD Unemployment Rate
It is the first Friday of May and it is time for Non-farm Payrolls report. The expected number is 194k while the last reading showed 103k. I actually expect it to be lower than the forecasted in the area around 174-180. If this happens again I expect a dive for the USD. Beware of the high volatility expected.
I wish everyone a profitable week. :)
This is my Weekly Trading Plan, which I will be following in the next couple of weeks most likely. Below I am sharing details regarding Target Zones and upcoming Economic events for this week to take notice on.
You can check the full plan with explanations on Youtube.
Target Zone 1: 1.2705 - 1.2675
Target Zone 2: 1.2565 - 1.2530
M30 Watch-Out Level: 1.2815
Economic Events:
1st of May - 18:30 GMT
Bank of Canada’s Poloz Speech regarding Household Debt
Take notes on what he has to say as it can give us a relevant view on the current economical state of Canada.
2nd of May - 18:00 GMT
USD FOMC Rate Decision
An event that will most likely cause strong volatility throughout the lower time frames. Expectancy is for the Rates to remain the same at 1.75%. This has already been priced in on the market, so if there is no change I expect a dive for the USD.
3rd of May - 14:00 GMT
USD ISM Non-Manufacturing Services
A report that is expected to come out very close to the previous readings. Nevertheless I will take it in to account as it might bring short term volatility on the lower time frames.
4th of May - 12:30 GMT
USD Non-farm Payrolls
USD Unemployment Rate
It is the first Friday of May and it is time for Non-farm Payrolls report. The expected number is 194k while the last reading showed 103k. I actually expect it to be lower than the forecasted in the area around 174-180. If this happens again I expect a dive for the USD. Beware of the high volatility expected.
I wish everyone a profitable week. :)
