USDCAD READY FOR STRONG RECOVERY
We have been watching this one very closely, Canadian Dollar has been very strong in recent days even with the strong Dollar on Friday, price continued to trade lower below the Momentum low. On Friday, some positive news for USD but bad reaction in USDCAD which suggests the pattern hasn't been completed.
The way to look at this is very simple, Think like a Fundamentalist, Trade like a Technician. The fundamentals are Positive towards USD, but technically we must wait for failure to make a lower low.
We have seen a failure from a lower time frame, and the invitation is accepted to go long from current level.
BUY @ 1.3095
SL: @1.3080
Target@ 1.3374
Giao dịch đang hoạt động
Bình luận:
Price back above the momentum low. More buyers
Bình luận:
Price acceptance just above the Momentum Low.
Bình luận:
USDCAD still printing higher low from momentum low.
Giao dịch được đóng thủ công:
More strength into CAD.
+89Pips
+89Pips