Fundamentals:- The jobs data for the US was worse than expected and the unemployment rate notched up a little. However the Average hourly earning did manage a slight uptick. Canadian data showed progress in employment but Oil is down on the week.
Technicals:- We have a nice head and shoulders pattern formed on the 4 hour chart and Oil although is lower on the week is banging up against a rising trend line. I will be looking for a pull back to the marked previous support and resistance area for a sell entry going against other analysts expectations next week. keep a fairly tight stop loss
Technicals:- We have a nice head and shoulders pattern formed on the 4 hour chart and Oil although is lower on the week is banging up against a rising trend line. I will be looking for a pull back to the marked previous support and resistance area for a sell entry going against other analysts expectations next week. keep a fairly tight stop loss
Transaction en cours:
Trade was triggered at suggested entry. I have now moved the stop loss to break even
Transaction en cours:
Moving stop loss to 12796 locking in 22 pips
Transaction en cours:
Moving stop loss to 12790 locking in 28 pips
Transaction en cours:
Moving stop loss to 12750. check out the full analysis and get the signals from the website boafx.com
Trade fermée manuellement:
The price is starting to reject the 12700 level so I am taking profit at 12701 +117 pips