After the reversal trade of last week, the USDCAD broke above its middle Bollinger Band again.
The previous two times, the beakout was short-lived and the trigger for another bearish phase. 1.391 makes for a reasonable place to short but we need additional confirmation that the recent bullishness is fading. For now it's not a trade but once bears re-enter, the USDCAD could make for a good trade.
The previous two times, the beakout was short-lived and the trigger for another bearish phase. 1.391 makes for a reasonable place to short but we need additional confirmation that the recent bullishness is fading. For now it's not a trade but once bears re-enter, the USDCAD could make for a good trade.
I have been trading for 15 years!
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> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I have been trading for 15 years!
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
> Trend Rider indicator: tradeciety.com/trend-rider-indicator/
> Free weekly trading webinar: tradeciety.com/webinar/
> Free blog: tradeciety.com/blog
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.