HELLO,
WE are in a clear DOWN - TREND , FED made it clear NO- RATE HIKE, or at least SOON. BOC will rate hike, so USDCAD is strongly DOW-TREND.
USDCAD DROPPED from 1.365 to 1.315 AREAS in short TIME, WE EXPECT FURTHER DECLINE around 500-1000 PIPS. HOWEVER, IT WILL TRAVEL IN A CHANEL IN DAILY CHART, AND HAVE CORRECTION IN H4 CHART.
WE PREFER ***SELL** over * *BUY**. BUT WE ALSO CAN BUY IT, WHEN BOUNCED FROM LOWER BAND, AND WE MUST USE STOP LOSS.
WE BELIEVE USDCAD WILL HAVE CORRECTION @1.3 AREA, ONCE CONFIRMED, WE CAN BUY WITH STOP LOSS, ONCE BOUNCE BACK DOWN FROM TOP OF CHANNEL, WE CLOSE BUY and OPEN SELL.
THANKS.
PLEASE LIKE IF IT BENEFIT YOU.
WE are in a clear DOWN - TREND , FED made it clear NO- RATE HIKE, or at least SOON. BOC will rate hike, so USDCAD is strongly DOW-TREND.
USDCAD DROPPED from 1.365 to 1.315 AREAS in short TIME, WE EXPECT FURTHER DECLINE around 500-1000 PIPS. HOWEVER, IT WILL TRAVEL IN A CHANEL IN DAILY CHART, AND HAVE CORRECTION IN H4 CHART.
WE PREFER ***SELL** over * *BUY**. BUT WE ALSO CAN BUY IT, WHEN BOUNCED FROM LOWER BAND, AND WE MUST USE STOP LOSS.
WE BELIEVE USDCAD WILL HAVE CORRECTION @1.3 AREA, ONCE CONFIRMED, WE CAN BUY WITH STOP LOSS, ONCE BOUNCE BACK DOWN FROM TOP OF CHANNEL, WE CLOSE BUY and OPEN SELL.
THANKS.
PLEASE LIKE IF IT BENEFIT YOU.
