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USD has retraced down into its ascending trend line on the weekly candle chart

BUY USDCAD

USD has retraced down into its ascending trend line on the weekly candle chart. Notice how the range of the weekly candles has started to contract as they approach the trend line and this indicates that the market may be in the process of forming a new swing low. Before we look to buy USDCAD we require short-term momentum to become aligned with the long-term weekly trend. For this to happen the market needs to break above last week’s highs. If we have the patience to wait for this confirmation we will be rewarded with a much higher probability trade setup.

Пред да се погледне за купување USDCAD бараме краткорочниот моментумот да стане во согласност со долгорочниот неделен тренд. За да се случи на пазарот треба да се скрши над издигнувања минатата недела. Ако имаме трпение да чекааме за оваа потврда ќе бидeмe наградени со многу поголема веројатност за поставување на трговијата.

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Last Modified: February 24, 2016 04:40 PM
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