Price movement after release of Crude oil inventory (data), has made an unconfirmed setup for downward move in USD/CAD
If all conditions on USD-index chart, USDCAD 4H chart and USD/CAD 1H chart meet, the setup will be confirmed.
Let see what happens.
The risk: we will close this position if 4H candle closes above 1.3339.
sold
If USD/JPY goes downward and engulf previous 30M candle , we will sell USD/CAD instead of buying CAD/JPY
US prelim GDP came same as forecast, so deleted sell stop. Current a/c data of CAD came better but let's see how USD/JPY reacts. If USD/JPY goes up and break high of Monday, we will go long in CAD/JPY.
Keon:
US prelim GPD can be a triggering factor. Set sell stop 10 pips below the price of USD/CAD 5 minutes prior to release of the data.