USDCAD analysis. Important news!
Today Bank of Canada will publish their interest rate decision.
We don't expect any changes, but there will be moves in the market! Last time in April,
the interest rate remained unchanged, however there was a 150 pips move in the first hour!
That's why we should expect moves today.
USDCAD is currently trading sideways, which is very likely to end today.
Entry options:
Conservative - wait for the news to come out and once you see a clear breakout, then get involved in the direction of the breakout.
Agressive - look for an entry before the news on a lower timeframe. Proper risk management and using stop loss is mandatory!
Most probably we will see a downside continuation.
Good luck!
We don't expect any changes, but there will be moves in the market! Last time in April,
the interest rate remained unchanged, however there was a 150 pips move in the first hour!
That's why we should expect moves today.
USDCAD is currently trading sideways, which is very likely to end today.
Entry options:
Conservative - wait for the news to come out and once you see a clear breakout, then get involved in the direction of the breakout.
Agressive - look for an entry before the news on a lower timeframe. Proper risk management and using stop loss is mandatory!
Most probably we will see a downside continuation.
Good luck!
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。