Dear Traders,
For those who paid attention to my analysis on Friday on this pair, you would see that we have ticked the box on the retracement to the top of the down channel and got a rejection from there. A reasonable number of pips were made from that prediction in our community.
However, seeing chatrt pattern in the 4-HR chart at market close, there is a need for being neutral as we got a W-Pattern confirmation for a buy most likely to the consequent encroachment area of the the FAIR VALUE GAP above the current price.
money is simply made by being patient and I would be waiting for price to either get to my buy zone or sell zone before taking any trade on Mondy.
Trade carefully.
For those who paid attention to my analysis on Friday on this pair, you would see that we have ticked the box on the retracement to the top of the down channel and got a rejection from there. A reasonable number of pips were made from that prediction in our community.
However, seeing chatrt pattern in the 4-HR chart at market close, there is a need for being neutral as we got a W-Pattern confirmation for a buy most likely to the consequent encroachment area of the the FAIR VALUE GAP above the current price.
money is simply made by being patient and I would be waiting for price to either get to my buy zone or sell zone before taking any trade on Mondy.
Trade carefully.
Comment:
USDCAD just keeps respecting the charnel
FINSPOT ACADEMY