USD CAD 22 July 2010

July 22, 2010

in Forex,Make money

The market is still downward especially on GBP JPY, EUR JPY – my favorite pair which I rarely mentioned in this blog :-) By the way, last night at 2.10 am.. there was a massive downward at those pairs (and other pairs as well).

Here is USD CAD, bearish divergence on 1 hour timeframe and 30 minutes timeframe I spot this morning. Already short but there is still not that big movement. Support is at 23% fibo.. I don’t expect it will go down beyond that as I want USD to be stronger.

Hope we are green. This is only for scalping.

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