Hi ,,,
I will enter USDCAD long
my targets are
T1: 1.29933
T2: 1.33562 CLUSTER of 4 kind of resistance 3 Gann resistance and 1 fib
T3: 135396
move to the next target only when we have a daily close above a target
My stop loss will be daily close under 1.28067
Fundamental analysis:
at the 4th of march ( next week) we will have
Fed interest rate decision (high volatility expected) if the fed red raised the interest rate the USD will go bullish
and Canada trade balance (moderate volatility expected) (A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD).
If you like my analysis give me like and follow for more @hazem44
I will enter USDCAD long
my targets are
T1: 1.29933
T2: 1.33562 CLUSTER of 4 kind of resistance 3 Gann resistance and 1 fib
T3: 135396
move to the next target only when we have a daily close above a target
My stop loss will be daily close under 1.28067
Fundamental analysis:
at the 4th of march ( next week) we will have
Fed interest rate decision (high volatility expected) if the fed red raised the interest rate the USD will go bullish
and Canada trade balance (moderate volatility expected) (A higher than expected reading should be taken as positive/bullish for the CAD, while a lower than expected reading should be taken as negative/bearish for the CAD).
If you like my analysis give me like and follow for more @hazem44
Comment:
4th of MAY not 4th of march