Although the trend of the USD continues to decline, this trade is aimed at exploiting the temporary rise of USDCAD.
06 AUG / USDCAD LONG:
- ENTRY: 1.325- - 1.327
- STOP: 1.314
- TARGET: 1.3470
TECHNICAL ANALYSIS:
GBP / USD tried to break the resistance zone near 1.3110 but failed because it was not gaining momentum yet. GBP's RSI has dropped out of the overbought area, so GBPUSD still has some factors to be able to rise in the event of a catalyst. In case the GBP breaks 1.3110, the GBP will continue its uptrend and proceed to conquer the upper...
Entry: StopSell when price Break downtrend 40.00
Stoploss: 43.3
TP: 28.xx
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Note:
Rising virus cases from California and Hongkong
Rising USA-China tensions
Stalling progress towards a US stimulus package
TimeFrame: SwingTrade: We expect this trade to play out between the next 3-5 days.
TradeRisk:
Any Good Covid-19 Vaccine...
