USDCAD
EXPLAINATION:
Price is at the bottom of the Channel, there is a good chance for price to spike for another top.
However, for long term analysis, references from COT Data and Interest rate decision remain price for the downside.
There are 2 scenarios to execute this trade:
1. Price falls from point A to the downside
(Watch out for the bottom)
2. Price can spike for another top and sell from point B
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How to become a successful Forex trader?
Step 1: Identify your mistakes
Step 2: Devise a plan to fix your mistakes
Step 3: Don’t deviate from your plan
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Risk Warning
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. MIGBABYLONCLUB is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. MIGBABYLONCLUB has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
Contact:
Facebook: BabylonEducation | MIG
Telegram:
Address: SpaciaNet, Kohpich, Phnompenh, Cambodia
Price is at the bottom of the Channel, there is a good chance for price to spike for another top.
However, for long term analysis, references from COT Data and Interest rate decision remain price for the downside.
There are 2 scenarios to execute this trade:
1. Price falls from point A to the downside
(Watch out for the bottom)
2. Price can spike for another top and sell from point B
--------------------------------------------------------------------------------
How to become a successful Forex trader?
Step 1: Identify your mistakes
Step 2: Devise a plan to fix your mistakes
Step 3: Don’t deviate from your plan
-----------------------------------------------------------------------------
Risk Warning
Any opinions, news, research, analyses, prices, or other information contained on this website are provided as general market commentary, and do not constitute investment advice. MIGBABYLONCLUB is not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information. MIGBABYLONCLUB has taken reasonable measures to ensure the accuracy of the information on the website. The content on this website is subject to change at any time without notice.
Contact:
Facebook: BabylonEducation | MIG
Telegram:
Address: SpaciaNet, Kohpich, Phnompenh, Cambodia
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