Everything is red!

August 5, 2010

in Forex

Everything is red. Red means high impact news for that particular currency. Except the one in the midnight which is for USD. Haish. Normally, if everything is red like below.. I will be away from the forex market. Anyway, USD CAD look so interesting to me. I long USD CAD at 1.0160,  that is just above 23% fibonacci from 0.9934 to 1.0857, with stop loss at 50 pips. Hope it will be green, and all that red news will be in favour for USDCAD.

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