So I am about to take a long on USDCAD -0.02% and ill tell you why. I decided to take this trade on a couple of my favorite indicators which all suggested me to buy. 1st my 30 & 50 MA just crossed my 100 MA upwards, meaning (in case you already didn't know) a very strong movement upwards. 2nd my default MACD finds itself very close to 0 line, yet the blue line is starting to slowly move upwards in search of the orange bar. Last but not least, my daily pivot points indicate me the pair is in its average rate, meaning it can turn a new direction very soon! (Which my prediction would be upwards)
Suggestion: The pair will most probably touch the trend line again before going up. Try to find the perfect buying opportunity by using a 15 min chart or so, and wait for the candlesticks to touch the trend line, this will maximize your profit and lower your risk.
NOTE: Follow my predictions under your own risk. I appreciate all constructive feedback and support on how to improve. Thank you.
Suggestion: The pair will most probably touch the trend line again before going up. Try to find the perfect buying opportunity by using a 15 min chart or so, and wait for the candlesticks to touch the trend line, this will maximize your profit and lower your risk.
NOTE: Follow my predictions under your own risk. I appreciate all constructive feedback and support on how to improve. Thank you.
Note
Look at that beauty, I predicted it somewhat early... yet it still followed the uptrend
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.