#SML.FuturesTrades('Post#1: 04/12/18', Canadian Dollar)

in #futures7 years ago (edited)

#SML.FuturesTrades('Post#1: 04/12/18', Canadian Dollar)

041218_CD.PNG

Looking at a possible break-out trade on the daily chart for Canadian Dollar June contract.
We are in the middle of the curve, so I believe this could go either way at the moment.
I am looking for a strong candle close above or below the gray lines/transparent yellow box for initial confirmation. Then, I will be looking for a full candle close above or below the gray lines/transparent yellow box. Once I see those confirmations I will look to enter a break out trade.

I will follow up as price action develops.

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