USDCAD +++ Waiting for a higher Price to SELL +++
Updated
Hi Traders!
The market is in a Downtrend.
As you can see the market is making lower lows.
It even broke out from the important and strong Support of 1.38700.
The Oscillator RSI shows the Value 10.3.
For the most of the traders a Value under 30 is oversold.
That's when the Trend-direction-traders cut their winners
and the Trend-reversal-traders get in.
The result is a Pullback.
So, our idea is to enter the Trend-Continuation after the Pullback.
A good sell opportunity is the bounce with the 20MA.
We recommend to trade the trade with a good risk-to-reward ratio.
Thanks and successful Trading :)!
The market is in a Downtrend.
As you can see the market is making lower lows.
It even broke out from the important and strong Support of 1.38700.
The Oscillator RSI shows the Value 10.3.
For the most of the traders a Value under 30 is oversold.
That's when the Trend-direction-traders cut their winners
and the Trend-reversal-traders get in.
The result is a Pullback.
So, our idea is to enter the Trend-Continuation after the Pullback.
A good sell opportunity is the bounce with the 20MA.
We recommend to trade the trade with a good risk-to-reward ratio.
Thanks and successful Trading :)!
Note
This comment will show you the RED BOX, but in Big:
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