In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we discuss the market conditions and the lack of clear direction. In particular, we look at major market volatility and USDCAD higher.
These market conditions do not really surprise us in any way due to recent fundamental and geopolitical developments. Whether it is global trade wars between the US and China, Brexit negotiations or the state of the oil markets and OPEC meetings, this with NFP on Friday gives these markets a lot to think about. As a result, we are going to apply a bit of patience for the day and only take really strong high probability trades.
The only market we can really suggest at this point is a potential buy above yesterday’s high of 1.3398 in the USDCAD market.
Major Market Volatility and USDCAD Higher – Full Video Analysis
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