Tom_Killick

USDCAD: Waiting For More Action Before Taking Positions! #Forex

FX:USDCAD   U.S. Dollar/Canadian Dollar
351 0 11
Friends,

I am currently in a downtrend trade and have taken 380 pips profit.

Been studying USDCAD             a long time. I am looking for the next key level to participate in this pair.

-If we see a bounce of the 50MA and a move down then expect longer term support to be the line to watch for entries
-For the alternative scenario, watch for the shorter term scenario.

In line with my trading rules, I will happily short at a bounce of the 50MA and down to the leg required. Whether in intraday trades, or bulk transactions. Whatever is appropriate.

Best of luck,
Tom
To join my signals group, or receive training from a former city trader: T.killick182@gmail.com

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