USD/CAD Trading plan for Next week
Currency rate moved down so powerfully, because OIL moved up. You need to know that there are correlation (-93%) between Canadian dollar and OIL prices. That's why I think Canadian dollar will become stronger.
Also, technically price showed that exchange rate will move down to key level 1.2730 (2nd wave).
I will open a Short after pullback up, or when the price will break down 1.2885.
P.S. Push like and subscribe if you want to see more signals in the future.
I'll write when to open a Short, if this idea get 45 like.
Also, technically price showed that exchange rate will move down to key level 1.2730 (2nd wave).
I will open a Short after pullback up, or when the price will break down 1.2885.
P.S. Push like and subscribe if you want to see more signals in the future.
I'll write when to open a Short, if this idea get 45 like.
Trade active:
The price at Sell Zone
Open Short
Open Short
Trade closed: stop reached
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I will open a Short if the price will make pullback to that level