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I have had several unsuccessful attempts to short USDCAD, however, I still think that the pair has a good possibility to go down. Treating this just as a countertrend trade.
Armands's Blog
06 MAR 2018
Attempting to sell this USDCAD pair. The first trade was not successful, so I had to open another one, managed to get in at a better price. This could potentially be a beginning of a major move to the downside.
05 MAR 2018
EURUSD has been going up strongly last few days, has bounced against the resistance level now. Will be expecting the price to go up once the level fails to hold.
04 MAR 2018
EURUSD looking pretty much bullish to me, unless we get some strong rejection from the 1.2336 level. If price settles above that green line, it is pretty sure that we are going for the new highs.
03 MAR 2018
Just a quick setup to keep an eye on for Monday, well, depending on where the price opens on Sunday night. If there is no big gap, it is pretty safe to do a long countertrend trade. Target the red area or let it run.
02MAR2018
Shorting USDCHF, managed to get in at a very good price. Currently at + 80 pips, but intending to let it go down to 0.93 or even 0.92 level. ALso had a long GBPUSD, but had to close out due to leverage, getting back in on Sunday night though.
12 JAN 2018
Will be paying some more attention to all AUD and NZD crosses next week as there is a good opportunity to get into a long wave. This one here - GBP/AUD is particularly tempting. Will see where we open on Sunday evening.
11 JAN 2018
Looks like somebody is really trying hard to accumulate some position. To me, it looks like we are going to go higher from here, just judging by the size of those bullish candles. There is definitely something behind this.
10 JAN 2018
Trying to short this baby here. USD/CAD has come back up, and the last push has been very quick as we can see by that huge candle. Now the price has stalled, so potentially we can have a new leg down. All the way down to the lows.
09 JAN 2018
Waiting for USD/JPY to come down to the lower part of the triangle. This is an area of a very solid support, I have also marked it with a green triangle. Will be looking for some price action to indicate that there might be an attempt to push higher from there.