Hi traders,
(As always, this analysis was shared with our students first)
USDCAD made a perfect retracement of the 0.5 FIB of the previous trend. USD might make another push against all pairs this morning when the NFP stat will get released. This is a HIGHER RISK trade because trading before fundamentals news creates gap and does it usual SL hunting.
Here's what I'm thinking :
USDCAD LONG:
ENTRY : 1.2827
SL : 1.27438
TP : 1.33688
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
(As always, this analysis was shared with our students first)
USDCAD made a perfect retracement of the 0.5 FIB of the previous trend. USD might make another push against all pairs this morning when the NFP stat will get released. This is a HIGHER RISK trade because trading before fundamentals news creates gap and does it usual SL hunting.
Here's what I'm thinking :
USDCAD LONG:
ENTRY : 1.2827
SL : 1.27438
TP : 1.33688
Trade safe!
Disclaimer: This is my trading analysis, it is not an invite or recommendation to trade.
Trade closed: stop reached:
Price wicked down hard when NFP dropped! Unlucky!