USDCAD: Correction over, buy before NFP.
Zaktualizowano
It seems that USDCAD has hit rock bottom, reaching a strong support level showing buyers have emerged at this level.
The fundamental landscape has been very negative for the US dollar but I think this time the unexpected will happen and we will see a rally.
Buying after this bar closes, as long as above the blue line is a good idea, but we can also attempt to buy a minor retracement, if any, or market buy now and scale in on a retracement.
Stop loss should be below the blue line, with some wiggle room based on ATR.
Good luck!
Ivan.
The fundamental landscape has been very negative for the US dollar but I think this time the unexpected will happen and we will see a rally.
Buying after this bar closes, as long as above the blue line is a good idea, but we can also attempt to buy a minor retracement, if any, or market buy now and scale in on a retracement.
Stop loss should be below the blue line, with some wiggle room based on ATR.
Good luck!
Ivan.
Transakcja zakończona: osiągnięto poziom stop
Target wasn't hit but the trade was profitable.
🔒Want to dive deeper? Check out my paid services below🔒
ivanlabrie.substack.com/
ivanlabrie.substack.com/
Powiązane publikacje
Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.