Price Action is quite subdued in Loonie —Look for short setup around 1.3470 – Adolly

Price Action is quite subdued in Loonie —Look for short setup around 1.3470

Hi, Its quite a while since any recommendation, the reason  being busy schedule. Beside being a currency trader I have my own business of selling products to e-commerce sites.

Recent price actuon has not changed quite a lot in Euro and pound as market still searching for yearly low and high.

Point of concern here is usd/cad and I am still watching rejectuin around 1.338 quite thin one and every effort beyond this line has been rejected and today’s price action was no different.

I would soon try to lost a chart as  my target still is 1.3200 and we would see how price unfolds from here.

If we see new low below 1.3270 and then we will plan to sell around 1.3380 and stop would be 13405 and target would be straight off around 1.3190

Stay tuned for the chart and levels

Related Posts

Forex what reason is everybody purchasing gold with deteriorating financial conditions?

How tَo build a winning Forex tَrading systَem?90% of Forex merchantَs fail in tَhe initَial notَ many montَhs. The restَ getَ consisَtَentَ pay, yetَ tَhey contَinually pay…

Is it Simple to Trade Foreign Exchange?

Accomplisَhment would not rely upon the picked system. The trading system will disَclose to you the most ideal approach to unravel a couple of isَsues regardless, not…

Risk management and quality of trades depends on how you time your trade

Trading Top down Analysis Trading is not only about entries  as it depends on how you manage your risk. There are several entries are always on offer…

Forex trading strategies for beginners l Supply and demand rules to trade

Forex strategies ways to find imbalance on a currency chart I will update the blog for the rest of the month to help you find imbalance and…

Us dollar future looking for breakout l Spx look to start its bearish rally

<!– wp:paragraph –> <p>Is itَ Simple tَo Trade Foreign Exchange?<br>You may say tَhatَ Foreign Exchange tَrading isَ clear: you oughtَ tَo pick tَhe compelling plan of tَrading…

Forex Trading In Canada

Get some answers concerning the best exchanging organizations for 2021There are numerous solid exchanging organizations Saudi Arabia on the lookout, and the quantity of these organizations has…

Leave a Reply

Your email address will not be published. Required fields are marked *