Watch for break down on USDCAD
Updated
Hello Traders,
Today we have the perfect opportunity for the CAD to break down from this wedge pattern,
Currently the market is looking for a clue to guess what will be the next move of the FED, will it going to rise the intrest rate during next month ?
If the seepch is going to be dovish, i'm expecting to see a strong sell on the US Dollar.
It's true that the CAD made a very weak performence againste the $ during 2018, but this can change and we can see a first impulse for revesal very soon.
Respect your money and never expose more than 2% from your capitle to the market,
This is not an investment advice, it's for educational purpos only.
Best Regards
Today we have the perfect opportunity for the CAD to break down from this wedge pattern,
Currently the market is looking for a clue to guess what will be the next move of the FED, will it going to rise the intrest rate during next month ?
If the seepch is going to be dovish, i'm expecting to see a strong sell on the US Dollar.
It's true that the CAD made a very weak performence againste the $ during 2018, but this can change and we can see a first impulse for revesal very soon.
Respect your money and never expose more than 2% from your capitle to the market,
This is not an investment advice, it's for educational purpos only.
Best Regards
Note
Volatility is expected during the weekend,Use your stop loss or move your trade to break even.
Note
We already the break down that we were waiting for !! So let's give time for the PA to correct ant we will jump for the sell,
If it is going to be an agreement in OPEC meeting to cut Oil productions, CAD paires will rise.
Note
The OPEC decison to cut oil supplies from the market by 800 k bpd, pushed investors to buy the Canadian Dollars,Now watch for the correction to be over and go for sell.
Note
The big picture.
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