USDCAD H4 TIMEFRAME ANALYSIS (BUY)

Long

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis indicator waveanalysis usdcad usdcadlong usdcadforecast usdcadanalysis usdcadh4 newjerusalemforex forexcharts

We expect to buy this pair because the market is experiencing a strong support level at the bottom and the new Jerusalem Indicator has already turned blue/green so we buy happily. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest at your own risk. Hope you will profit with us in this one as well. The entry and exit points are as shown by the lines on the chart. Choose the lot size you can afford to risk in.

Comment:

The price is continuing to shoot up moving in our direction and this is what we wanted. So we hold this trade and wait to see what will happen. We make sure that we move our stop loss to break-even to protect our capital. This is more than an institutional analysis.

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