We are looking at USDCAD on H1.
We have higher bottoms and higher peaks. These are the signs of forming a new trend.
When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys.
What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries.
The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss!
You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
We have higher bottoms and higher peaks. These are the signs of forming a new trend.
When a trend is in its beginning, it is much more likely to continue. Therefore, we will look for opportunities to enter buys.
What we have to take into account and be especially careful today is that it is the first Friday. I guess it's clear to everyone what this means - big job movements in both countries.
The news comes out at the same time and we expect to see a big movement. Therefore, you MUST place a stop loss!
You can choose to enter a trade after or during the news. This will reduce the risk, but it is possible to miss a lot of movement!
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❓ If you got questions: t.me/Semkov
💰 PAID SIGNALS AND ANALYSIS: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
