Analysis of #USDCAD
Hello friends,
this market recently stopped me out for the second time in a row only to rally back more than 100 pips.
my theses were that the oil market will be moving sideways or to the downside which did happen as predicted but my trades did not work all due to weakness in the dollar and not a strength in the CAD, in fact, i had two trades on EURCAD hit big profits, probably should have shorted the oil and get done with it.
now that we have price against the trend line resistance i think we could see a break above the trend line resistance and break of structure and if this happens I will look for trend continuation entry
Kindly if this idea is helpful to you, leave a comment below and press the like, it will help me big time
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
Hello friends,
this market recently stopped me out for the second time in a row only to rally back more than 100 pips.
my theses were that the oil market will be moving sideways or to the downside which did happen as predicted but my trades did not work all due to weakness in the dollar and not a strength in the CAD, in fact, i had two trades on EURCAD hit big profits, probably should have shorted the oil and get done with it.
now that we have price against the trend line resistance i think we could see a break above the trend line resistance and break of structure and if this happens I will look for trend continuation entry
Kindly if this idea is helpful to you, leave a comment below and press the like, it will help me big time
Check today analysis below⠀
_____________________________________________________________________________⠀
-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You
