USD Dollar Index and Canadian Dollar Technical Analysis
DXY and USDCAD seem very bearish
It's as if the DXY already completed the pattern we are currently seeing on USDCAD!
The H1 Gap allowed me to enter a sell at the 1.29924 price point and as of right now 70% of my position has been secured.
On WEDNESDAY June 13 we have a Supercharged New Moon and the Federal Funds Rate FOMC meetings (Forex Factory economic calendar has "hike" to 2.00% expected posted & also investing involves risk... especially when trading with leverage on a margin style account. Thank you for following this analysis)
Limit Order up at 1.301xx
Thank You!
P.S. Further Fundamental analysis is being considered such as what's going on w/ G7 on Twitter, the mainstream media, human emotion for all of the sellers who set their stop loss at break even / slightly above their entry that did get stopped out over the weekend of June 8 ~ 11
It's as if the DXY already completed the pattern we are currently seeing on USDCAD!
The H1 Gap allowed me to enter a sell at the 1.29924 price point and as of right now 70% of my position has been secured.
On WEDNESDAY June 13 we have a Supercharged New Moon and the Federal Funds Rate FOMC meetings (Forex Factory economic calendar has "hike" to 2.00% expected posted & also investing involves risk... especially when trading with leverage on a margin style account. Thank you for following this analysis)
Limit Order up at 1.301xx
Thank You!
P.S. Further Fundamental analysis is being considered such as what's going on w/ G7 on Twitter, the mainstream media, human emotion for all of the sellers who set their stop loss at break even / slightly above their entry that did get stopped out over the weekend of June 8 ~ 11