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

Price Action zones are the areas where we should look for entries l Forex trading strategies.

Forex tradig strategies. Its been quite a while since I talk about the trading education, busy with my new scalping experiments but still the prime motive is…

Forex Trading without indicators and make it as simple as you Can

Trading help for everyone globally for Free We all are facing difficult times and we all need to contribute the best way we can and we should….

Low volitality amid year end Holidays Still bullish on gbp and canadian dollar

Volitality has been very low amid new year & christmas but as this period will pass by I would be up and start buying both pound and…

Trading opportunity Buy Gbp/Jpy..l Brexit No deal put sentiment bullish for gbp

Risk managemen in forex Hi Readers, I have provided some excellent trading opportunities last week with good pips and good thing was that it was properly managed…

Usd Franc Upate Possibly eyeing 0.9931 source of the origin for the next leg down

Check The Usd/chf chart here

Forex Trading with Risk Reward & Low risk pullback entries

How to trade Pullback in Forex Trading Forex is all about sighting opportunities & wait till we saw trend resumes and always consider whats happening on bigger…

Leave a Reply

Your email address will not be published.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