Greetings Forexia Family!
Lets analyze USDCAD.
What i see from the chart that the pair had trapped sellers when it broke the trendline. And on previous Friday price took out all sellers with NFP, by creating and leaving lots of buyers and liquidity at 1.265 price. I believe the price has more potentials to go down before going up to 1.28000
USE YOUR OWN ENTRY METHOD IF YOU WISH TO ENTER THE TRADE
Risk and money management tips
- USE STOPLOSS
- RISK 1% or 2% PER TRADE NO MORE
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL FOR YOUR TRADING AND USE PROPER MONEY MANAGEMENT IN YOUR TRADING