icaglar7

USDCAD- getting ready to explode before FED decision

Long
icaglar7 Updated   
SAXO:USDCAD   U.S. Dollar / Canadian Dollar
Here is the nice "inverse head and shoulders" pattern for USDCAD.
Opening a long position looks logical with the safe stop loss place.
Also, there is FED interest rate decision tomorrow. I expect them to increase the rates.

To sum up:
USD LONG
XAG SHORT
XAU SHORT
CRYPTOCURRENCIES SHORT is expected by me.

*Note that this forecasting is based on the news coming from the FED. Put your stop loss to be prepared for the exact opposite scenario.

Stay Safe!
Trade closed: stop reached:
Position is closed with loss. Will go long again when the resistance line is broken
Trade active
Trade closed: stop reached:
The position hit the Stop Loss level. Let's cut the loss here!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.