This is a short term 4H long trade as we expect dollar to appreciate in value as the FOMC is expected to announce the tapering of the QE Program this week. The ISM manufacturing PMI at 4 PM GMT will be the key catalyst of this trade if it comes out POSITIVE and beat the market expectations. However is at 4 PM GMT the Manufacturing PMI comes out positive without the price reaching entry level, you are clear to take the trade.
dollarstrengthFundamental AnalysismarketdirectionPMIshorttradeTrend AnalysisUSDCADusdlongsWave Analysis

Wyłączenie odpowiedzialności