Trading Edges That Last
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As Featured In
USDCAD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Pushed above B+1 and 1.0 par level but failed to hold above that. Eventually broken down and dropped to Y-0. Closed the week above Y-0 and below midpoint.
Outlook
Y-0 defended points to a retest of Y+1 / B+1 area. The test at the resistance will tell if USD is really making a big come back.
Not interested in the short side as first pullback to even B-2 is a good long setup.
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