Looking for USDCAD to retrace to 0.5 or 0.618 fib levels on the day chart. ( 1.31800 - 1.31500 )
Just in time to grab some liquidity for the FOMC rate hike on Wed/21-09/2022
FED'S Rate hike should send the USD/CAD flying through the roof
Causing Crude oil and Gold to crash ( which co-relates to CAD strength )
Following which a FIB retracement to the 0.618 levels based off the Weekly trend. ( Also a major resistant 1.36500 )
Followed by a rejection off the bearish flag and down to the 1.2600 levels again.
These should be aligned to the rising strength of the YEN as well.
Going short on CAD/JPY at the same time while shorting USD/JPY
Nov onwards.
Just in time to grab some liquidity for the FOMC rate hike on Wed/21-09/2022
FED'S Rate hike should send the USD/CAD flying through the roof
Causing Crude oil and Gold to crash ( which co-relates to CAD strength )
Following which a FIB retracement to the 0.618 levels based off the Weekly trend. ( Also a major resistant 1.36500 )
Followed by a rejection off the bearish flag and down to the 1.2600 levels again.
These should be aligned to the rising strength of the YEN as well.
Going short on CAD/JPY at the same time while shorting USD/JPY
Nov onwards.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.