This user was banned for violating the House Rules. The ban is for social activity only - participating in public chats, publishing ideas, commenting and so on. The ban has no effect on the functionality of the platform.
Good evening traders.
Following up on my USDCAD long position that I'm still holding with key resistance figures ahead.
1.37 is immediate focus at the moment. I will need to see how price reacts to the figure given the fact that price came within less than 3 pips of the figure on Friday. Above 1.37 will put sights up to 1.375 where I expect to see a good bit...
Good evening traders.
In anticipation of a bit of a slide to the downside on USDJPY I'd like to bring some attention to the zone between 110.9 and 110.64. It is entirely possible that we see a sharp reversal in or around that area that forms the week's low as there are still signs of further upside on this pair.
Lastly, in the event of a significant downside...
Taking an extremely small short position here on USDJPY just to dip my toe in the water.
USDJPY is still a falling knife at this point and neither fundamentals nor technicals suggest an immediate reversal to the upside in my opinion.