Am always thinking about how to keep my spending costs on consumer foods to low-cost
because if you have been reading about me In these journals, you will know
that i like sweet milk but am running low on savings and maybe am thinking about cutting on this consumer good
found in retail shops both large and small
Look at the following economic data for this week that is influencing this forex pair:
• Inflation rate year over year is projected to increase • The core inflation rate is projected to remain flat • retail sales month over month is projected to fall
Retail sales are looking like they will fall meaning businesses in the retail space are struggling to make profits.
This is because of the rise in inflation. Look at this chart of USDCAD
It has my #1 favourite candlestick pattern called the rising white soldiers
If you would like to learn more about candle stick patterns check out Steve Nisson’s book on candlestick charting
does this mean am a chartist?
Yes being a chartist will give you an edge in the market but you can also hang on to trend analysis
such as the rocket booster strategy if you would like to learn more
about the rocket booster strategy check out the references below.
Rocket boost this content to learn more
Trade safe.
Disclaimer: Trading is risky please learn risk management and profit taking strategies because you will lose money whether you like it or not
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.