The world is in interest rate cut mode.
Yesterday FED cut the interest rate from 1,75% to 1,25%, while RBA from 0,75% to 0,5%.
The market should price interest rate cut from Bank of Canada (BoC) as well, which will be announeced today.
This might be bullish for USDCAD, so joining from 1.3335 price level with S/L around 1.326 and 1.3523 T/P provides decent opportunity.
Proper position size should be applied based on risk management strategy.
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Feel free to share your opinion/position via comment and follow me to stay updated.
Yesterday FED cut the interest rate from 1,75% to 1,25%, while RBA from 0,75% to 0,5%.
The market should price interest rate cut from Bank of Canada (BoC) as well, which will be announeced today.
This might be bullish for USDCAD, so joining from 1.3335 price level with S/L around 1.326 and 1.3523 T/P provides decent opportunity.
Proper position size should be applied based on risk management strategy.
//
Feel free to share your opinion/position via comment and follow me to stay updated.
Dagangan ditutup: sasaran tercapai
Position closed at 1.3589, above target as the market opened with gap due to pressure around oil price.
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.
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.