Have a look an awesome result . This one trade covered all the losses and helped us remain in profits Which is Risk to Reward is very important – see the previous post here
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Short and long opportunities ahead You can long when the price retraces a bit and give bullish signal Wait for the price to reach the top of the channel and go short
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USDCAD hit our target have a look at the link which we posted here for free Why are you missing our free nuggets join us now
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Counter trend trade Ideally wait for bullish confirmation at 4Hr Can be a potential trend reversal too Stops can be placed just below the next support Not a great risk to reward , However if the trend changes it could be long term setup
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Lets make a selling plan Downward channel Price made a bearish move We need a small bullish pull back to the resistance Risk to reward 1:3
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The U.S. Dollar Index tracks the strength of the dollar against a basket of major currencies. (DXY) originally was developed by the U.S. Federal Reserve in 1973 to provide an external bilateral trade-weighted average value of the U.S. dollar against global currencies. U.S. Dollar Index goes up when the U.S. dollar gains “strength” (value), compared […]
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Price action Long term trend is down Price retraced but failed to go higher Now price is making lower high and waiting for the break to move down to the next support zone
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