Yep, possible triple bottom on the USD/CAD (around the 1.0410 area), so your trade might work, even though the Canadian dollar is usually extremely "lazy" during the Asian session.
Boy, that was pretty dumb. I shorted at 1.3807 since it failed to reach 1.3835 and failed to take out 1.3815 3x this week. I've been riding it down ever since... I make no predictions, but I won't be unhappy if it finishes the big move down to 1.3150...
And in the time I wrote my last post, EUR/USD dropped from 1.3497 to 1.3449. I keep wanting to pyramid into the move, but it has yet to pull back in the last 3 days... Oy... (and I'm not even Jewish...)
Yes you are right. Did you notice the moves all over the place? I think it came from the stock markets. There is a line coming down on NQ chart and it should be around 3382. Futures were around 3378.5, which lose range to that line. If you have correlation data, and times when each pair moves most, feel free to post it here. Good luck to you in your trading!
Uh-uh, ugly hammer at support level (2h time frame), never a good sign for short positions on the EUR/USD, but let's keep watching...