The RSI is rising very fast and together with the price they have created a divergence, there is a high probability that the price will fall from this point, since we have previous price accumulations, let's wait for a bearish candle to execute the operation, putting the loss stop up from the last high high,
IM MIXED ON THIS ONE, BECOUSE FB, APPLE AND MORE TECH COMPANIES ARE UNDER GOV EYE, BUT ALSO A TRADE TALKS BETWEN TWO LARGEST ECONOMY CAN BOOST TO NEW HIGHS
SO, LETS TRADE, LAST TRADE WORKS PERFECTLY ON ZONES
RETEST ZONE AND GO FOR ALL TIME HIGHS
YOU CAN SEE HERE A PLAN TO TRADE USDCAD INTRADAY
USING FIBBONACCI LEVELS TO SET A POTENTIAL REVERSAL ON 0.618 LEVEL (¨CALCULATED WITHOUT THE SPIKE, I THINK WAS A SL HUNT, AND I DONT LIKE THESE PRICES TO TRADE WITH FIBBO
ON THE BEARISH TREND WE CAN SEE A GOOD BULLISH CANDLE, ON 15M
LOW RISK TRADE, SET 50% OF UR NET SIZE
Breaking the lower high, and going for all time high
FED going to make a cut and good data coming from EU
Trade war are now ease
1.5% risk and 5% potential profit depends of ur lot size
Reduce it to 70%-80% of your normal position.
The trick is that you are allowed to buy that position with only a margin of 1% or less, that is to say, only put 1000 usd of margin and you would get that position, suppose you are a little smart reduce and only use 10 times leverage, the maximum Accepted loss on this trade would be 2.87% ( of value ), if this sum is multiplied by 10, it would be an unacceptable...