Canadian employment numbers have come in this morning adding 93,200 jobs which is huge and helped my CAD trades reach their fib targets.
There are flags or equal triangles on a lot of markets. Cable consolidating below resistance, EURUSD at the top of the channel.
It is one of those days when they could break either way. We could roll over and do some back and filling with jitters pre-earnings or we could roll over and restart the down trend. I personally think we could see higher prices and better levels to sell from so I am in the back and fill before another leg up camp.
I am holding on for 76.50-77.00 before we roll over and do some back and fill rolling over and rejecting off the previous trend-line support would be bearish and get me out and likely short next week . I am holding on the the last 1/4 of my long trade but open to a reversal at this point.
A good bounce off the weekly SR level at 87.00. I am holding for a second swing up to 89.20, the 61.8fib retracement of this swing and the 50% retracement of the bigger swing and the descending trendline.
My Gold short is taking its time. The weekly looks set to close as a doji so it could go either way.
USDCAD closed 25% @ 6R 1.0420 (+1.5R)
GBPCAD closed 25% @6R 1.5695 (+1.5R)
GOLD stopped out (-1R)
USDCAD short 1.0600 stop 1.0630 PT 1.0410 - 1/4 position
CRUDE LONG 72.30 stop 71.70 PT 75.00 - 1/4 position
GBPCAD short 1.5995 stop 1.6045 PT 1.5610 - 1/4 position
USDJPY long 87.30 stop 86.90 PT 89.20 - 1/2 position