This pair is not one of my favorites because it's movements are so thin. My trade is still open and my stop is still the same (90.53) I usually prefer to trade the CAD against the YEN but this time I traded USD because of it's multi year low against the YEN and the fact that the USD is rising against all others made this trade attractive to me. I seems though I'll have to wait a long time to realize any substantial movements to the upside. For now this pair is what I would call FLAT!
I'll keep it open and we'll see where it goes after the Japanese GDP report due out later.
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would this be a good to enter long on this pair?
ReplyDeleteIf you do go long on this pair use a stop near support zone of 90-91. It's pretty much flat right lately with little action. It's taking time to show results on this trade long at 92.53
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