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The USD has fallen against the Canadian dollar for 7 straight weeks.   As the U.K. session got underway today the USDCAD moved beneath its Asian session low luring in breakout traders. A pullback into its Asian range known as the “wash and rinse” followed and...

The GBPUSD tried to move lower early in the U.K. session but bounced at its Asian session low and moved up to 1.4233 where sellers entered. We went short at 1.4214 risking 20 pips for a potential 67 pips to our daily target at 1.4147. The trade moved lower and we...

The U.K. traders pushed the USDCAD just beneath its Asian session low where buyers entered near the 1.2100 figure. As price rose to test its Asian session high and yesterday’s high, sellers entered. A short was taken risking 16 pips for a potential 72 pips to our...

A late day sell off in U.S equities on Tuesday coupled with crypto currencies selling off heavily today set up a tone of “risk off” trading today.   A short in the USDJPY was taken after a reversal pattern set up in advance of the U.S. session overlap risking...

Sentiment today was accepting of risk in the major equity markets around the world – going into the weekend. The EURUSD benefitted, rising during the Asian session, continuing higher early in the London session, followed by a pullback and retest of yesterday’s...

The equity markets around the world sold off on Monday and with an already soft USD, a short was taken on the USDJPY risking 12 pips for a potential 35 pips to our daily target at 108.41   After a retest of the Asian session high early in the U.K. session, the...

The market has been quite slow this past week and good trade setups have been few, and not amounted to any gains worth posting.   Today the NFP number created a large move against the already soft USD. For me, the idea was to wait for the pull back and trade...

A bit of back and forth price action as the markets prepare for the FOMC and month end.   The DXY continues to be on its back foot… bearish below 91.00. A long GBPUSD was taken early in the U.S. session after a higher low as price moved up into its Asian range...

It’s month end this week and trading can be choppy especially when combined with Jerome Powell and the FOMC statement on Wednesday.   Today a USDJPY long was taken as the pair continued to stay above 108.00. – risking 11 pips for a potential 26 pips to our...