Visitors Now:
Total Visits:
Total Stories:
Profile image
By FX Instructor (Reporter)
Contributor profile | More stories
Story Views

Now:
Last Hour:
Last 24 Hours:
Total:

USDCAD 240 Chart analysis

Wednesday, October 26, 2016 22:15
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Screen Shot 2016-10-27 at 07.10.20

Hello traders welcome to another possible trade plan. We are looking at a 4 hour chart of the USDCAD. So i feel this is all about the oil situation and a little with the dollar being strong. I have to say I am liking that we are at resistance and it has retested this area four times. I am looking for a set of weakening candles to show me that the bulls are running out of steam. Once I see that and price action heading down I will enter the short trade as this trade I expect to be in this trade for about a week to give this room to work. I am looking to take profit at the 200 ema at the price zone of 1.3189 for some nice profits…

Thank you traders and we will talk soon……William

Report abuse

Comments

Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories

Register

Newsletter

Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.