USDCAD limited by the 200dma & 1.3610 … the week of 16 Sep, 2024
Updated
https://www.tradingview.com/x/y0aKiuTn/
I will be on the lookout for bearish evidence on lower time frames such as H4 and H1, see how such price action relates to the 20 sma before committing to a trade. If, however, a strong move to the up side forms, that would negate my analysis.
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Comment
Price has moved sideways on day 1 but I still think we are headed lower. Monitoring PA on H1 and H4.Trade active
I opened a small position, not much movement either side yet.Trade active
In about 6 hours, the US interest rate will be announced. Please protect your trade, extreme volatility could occur.
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