USD.CAD near term may have bottomed, but Econ news ahead

Update to my previous UC short call (click).
I have been shorting this pair since my Top Call


UC has been further weakend by strong CAD news and weak US news last week.
Today (Tuesday) we have another important report coming, CAD Retail Sales.
IF the report is a "miss", UC should bounce hard. If "good" we might break support.

$ 1.2102-3018 is immediate resistance, break and retest before news might a good long entry.
$ 1.3152-3157 will be strong resistance, and expect a reaction there even with news swings.
$ 1.32xx is the ultimate target if news lines up and bounce gathers some momentum.


See some of my other Forex calls below.
I also plot Crypto and some Stocks, check my Profile Page.

USD.CAD top call <= Must See perfect Short
NZD.USD bounce Call (massive profit, no drawdown)
EUR.USD short call (in time, to the Pip)
EUR.USD short Call (perfect top, huge profits)
EUR.USD trend Short (the very tip-top a year ago)
GBP.USD scalp zones (pinpoint Entries/targets)
GBP.USD dip Call (just in time, quick 70 pips)
DXY toping call (Upthrust warning just in time)
USD.JPY short to long (recent perfect entries)
AUD.USD trend Short (perfect short a year ago)
XAU.USD top call (exact top pegged)
XAU.USD to $1367? (caught most of the spike)
XAU.USD bounce call (perfect entry, huge profits)
XAU.USD long to short (recent perfect entries)
Silver Bounce scalp (Perfect entry, still in play)
Copper Bounce call (Prefect entry, almost done)
SPX recent top (Fib extensions at work)

Of course, I have had total FAILS on some plots also, not going to pretend.
But my plans offer PRECISE entries, TIGHT stops, and EXACT take profits.
Precision is the way of the Fib. Almost every turn happens at a Fib Line.

评论:

CAD retail Sales report is a "Miss"

Helped break the resistance, now to see if it has any follow through.

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