FxFortuna

USDCAD Easy Trend Analysis

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
at his particular pair we spotted a down trend before our signal was given. and if you pay close attention to Fibonacci retracement you can see that we hit 38 level on it so after candle confirmation we tried to go with previous trend and as a matter of fact we hit the target soon after that always going along the trend is the best strategies of course you need possible reason for we don't trade just by what we feel is correct you need to see what is going to happen base on the facts and your ideas about the market and then when you were satisfied with the results you can enter the trade with ease remember to be confident in your analysis this is the important part set an sl and tp then let you decision do the work for you cause getting into emotions is the down side of having doubts in you.

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