As we enter the final day of July, we’re leaving behind a particularly quiet month — one that tested patience and discipline. But that’s part of trading: knowing when not to trade is just as important as knowing when to strike.
We always say: our edge lies not in constant activity, but in timing and conviction. And that approach was vindicated this week.
📊 Data Dump: Fed, CPI & GDP
Yesterday delivered a flood of market-moving data:
📌 Canadian CPI 📌 FOMC interest rate decision 📌 US Advance GDP
The Federal Reserve held rates steady, which was hardly a surprise after the stronger-than-expected GDP figure showed the US economy still running hot. If you’re wondering what that means politically — Trump will no doubt be calling for cuts, but for now, the data keeps the Fed on hold.
For us, though, it wasn’t about the headlines — it was about the setups.
📈 USD/CAD: Textbook Synergy Setup
We had already identified the potential in USD/CAD from last week, and entered the trade ahead of the event. The move played out beautifully. Subscribers were alerted in advance, and the pair hit Take Profit 2 for +100 pips.
It was a textbook Synergy setup: ✔️ Clean market structure ✔️ Strong confirmation from harmonics and cycle timing ✔️ Conviction in the directional bias
Patience paid off.
🔄 Looking Ahead: Possible Re-Entry on USD/CAD
We’re now watching carefully for a potential re-entry opportunity in USD/CAD. If price gives us a pullback into structure — and the right confirmation — we’ll be ready to scale in again.
👁️ That’s It for Now — Eyes on August
Stay focused. Stay ready. August could open new windows of opportunity.
Risk Warning: Trading forex and CFDs involves significant risk and may not be suitable for all investors. The information provided is for educational purposes only and does not constitute investment advice. Synergy Markets does not hold client funds and acts solely as an FCA-regulated intermediary and education provider. Past performance is not a reliable indicator of future results.
