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USDCAD GIVES US A GOOD TIME TO SHORTHI Folks There is a good setup on USDCAD first showing a strong pattern indicating this is a retracement in a bearish trend. As you might know USDCAD correlates expetionally well on the montly gold has been very straight bullish since January however It'll be better for Gold to find support either around 1.26000 or much further depending on your trading style and money/risk you can leave positions running for longer and maybe look at the longer term monthly I like this setup It's a high probabilty and with few risk since if the upper trendline is broken the pattern would be invalid. However keep an eye on the economic events coming soon be prepared if the numbers are significant against us :) See you for the next trade ! A.Erikanov
Short
by AnriErikanov
TALK ABOUT THIS MARKET BEING OUT OF THIS WORLD!!!!talk about a croc of shizza. if there is one thing i learned from trading, it is this: don't use fancy systems to make good returns. keep it as simple as possible. you don't have to trade. in fact you can always invest and double down when the market is wrong about price. you simply cannot predict price action. trading psychology (if there were such a thing) will not help you get better returns, but statistical, rational, and accounting information will. yes, there is accounting information that you can get a hold of for the FOREX market. where did you think GDP, and jobless claims came from? Magic land? that being said, how are you going to trade the brexit? are you going to use your accounting skills to set up a long term contingency plans that will help determine which direction you are going to place your trade on the EUR or GBP for the long run? or are you going to sit back and tell yourself that you already know what the "FUTURE" is going to be like? GOOD LUCK!!
Long
by TheBlanco951