CA Core Retail Sales is likely a good release to trade today, especially considering recent strength in CAD since the early December 2017; a strong release might push the USDCAD pair to a new low, breaking the support below 1.2350 area…
8:30 am CA Core Retail Sales Forecast 0.9% Previous 0.8%
The Trade Plan
Let´s trade this release using my after-news retracement method. The idea is to wait for the release, then for the market to spike first, and then wait for a decent retracement before getting in. For more details on my trading method: http://www.currencynewstrading.com/how-to-get-started-with-news-trading/
I’d recommend using the Recommended Pairs from above as they are based on my CSM, which should provide the best combination of currency pairs to trade based on better/worse news… of course, you can also trade the default pair: USDCAD.
CA Core Retail Sales | January 25, 2018 | Forex News Trading
January 21, 2018 by Leave a Comment