Usdcad

I am not open trade on usdcad for now, but this is good review if trade on usdcad also might will very profitanle if understand with this pair, still trying focus on jpy especially usdjpy
 
I expect the price to fall up to 1.2503 level approximately. Around this level, I will set the take profit order.
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Gramp said:
I expect the price to fall up to 1.2503 level approximately. Around this level, I will set the take profit order.
df6470139a3c43c2a9f0f06056197db7.jpg
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Seems good analysis, I see today this pair move on bearish strong, daily candle timeframe figuue out bearish wave pattern for few day movement
 
Seems good analysis, look on daily timeframe also this pair already figure out bearish pattern from few day ago, and we hope this pair still contuinue bearish , but trend easy to change we also need risk management , because seems today on flat condition if look on hourly timeframe
 
Today movement on usdcad still on narrow movement, daily candle figure out bullish with small body, while look on hourly movement this pair still on up and down on range, might now on resistance area and possible occur down wave
 
victorycountry said:
I don't care about all those TA.
There is a report on consumer price index this week . Anyone wants to discuss this?
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I am reading this news also included high impact news similar with nfp and fomc,
I think also as technical trader also need pay attention with this news and need check update
 
The Bank of Canada rate decision came it at 1.75% just as it was projected to do. So why the market wants to get all dramatic like it does is beyond me, unless it's just market makers taking advantage of the opportunity to make a lot of bucks. At any rate, I entered a short position based on structure alone without waiting for confirmation...

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I will be interested to see what happens now and what WOULD have happened HAD I waited for confirmation.
 
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