Hello Trader, how is your trading week so far?
For me, its been difficult to find trade opportunities… mostly because of the fundamental announcements…
Last week we had the NFP report and the FOMC statement, this week was the interest rate announcement from the ECB and BoE plus the RBA… And if you add a few unemployment reports you’ve got a fundamentally driven week…
Well… guess what? In the next two weeks there arent many important fundamental announcements, so the market should give us plenty of opportunities (I hope so…)
Anyway… Last week I talked about the CADCHF and my trading plan for it…
Lets go through it!
Like I wrote about in my last CADCHF Analysis, it is trading in a very clear bullish condition and it is likely to continue its way up, until it reaches its next LT resistance level…
Therefore we can look for long opportunities.
In fact, right now it looks like its being rejected from the ST support level.
Here is how the ST chart looks like:
Its clear that the CADCHF its being rejected from that level, so it might be a good time to consider looking for long opportunities.
What do you think? Are you trading the CADCHF?
What other currency pairs are you trading?
Has it been difficult for you to find trade opportunities this week?
Share your thoughts!