USDCAD has been a frustrating pair for pattern traders, however it has been exceptional for trend following/continuation traders over the past few years.
What I'm looking for hear is a move back down to the $1.40-$1.38 level for another buying opportunity. I know, I know, that's a ways away, however because of that prediction it also sets up the opportunity to look for shorting opportunities in anticipation of that level.
Today in my live trading room we'll be breaking down this pair and seeing if any of those short opportunities exist on the lower time frame. You didn't hear it from me but I may be live streaming the first few minutes of today's Live Trading room so that you can see the analysis. Just head over to my Youtube page around 8:00am New York time.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl/Afk5sG
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
What I'm looking for hear is a move back down to the $1.40-$1.38 level for another buying opportunity. I know, I know, that's a ways away, however because of that prediction it also sets up the opportunity to look for shorting opportunities in anticipation of that level.
Today in my live trading room we'll be breaking down this pair and seeing if any of those short opportunities exist on the lower time frame. You didn't hear it from me but I may be live streaming the first few minutes of today's Live Trading room so that you can see the analysis. Just head over to my Youtube page around 8:00am New York time.
Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
YouTube goo.gl/Afk5sG
Facebook: goo.gl/VTQngr
Twitter: goo.gl/FlH33l
You Can Also Follow Me On Instagram, Periscope & StockTwits @AkilStokesRTM
"The Trading Coach Podcast" - Available on your favorite podcasting app!
anchor.fm/thetradingcoachpodcast
anchor.fm/thetradingcoachpodcast
