Chart 4 - Mixed Dropped to 38.2% fib retracement, bullish would be support at 50% holding. Mixed because it hasn't retested low as yet,
Need break above 86.80 to get out of range and push higher.
Trade active
Bullish - 4 MAs 200,100, 50, 20, found support at 86.0 and off 50 Day MA. Bearish = Squeeze Momentum red but slowing. SL - Move up to protect, at least below 86 as a minimum.
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Also daily close above 20 Day EMA.
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Chart 2 = Bearish Bullish - Strong close over the Monthly Pivot. Bullish - John Carters Scalper Strategy - Moved to Long.
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Chart 3 - Bullish Strong Breakout upside from Channel. Initial EMA Cross or 8/21.
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161.8% around 87.60 is probably first target now. I only have small position and there is almost nothing showing that I should sell at the moment.
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So want to give it some room, so will move stop only upto 85.78, a small move, but risk is reduced and lots of room. FOMC Meeting due tommorow, may impact this trade, review again tomorrow before FOMC.
SL now at 85.78
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Broke above 161.8% fib overnight and holding above it in early Asian trade.
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Moved SL up to 86.95, locking in approx 1% profit. Stop below 21 EMA in both 4 hourly and Daily.
Trade active
CAD Retail Sales in a few minutes. Market seems to be pricing in positive news, as pair right at highs for the week.
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Trade active
Retail Sales came in even stronger than estimates. Core Retail Saes (MoM) (Feb) 4.8% vs 3.7% Retail Sales (M0M) (Feb) 4.8% vs 4.0%
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