USDCAD: Correction over, buy before NFP.
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.
İşlem kapandı: durdurma seviyesi
Target wasn't hit but the trade was profitable.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.