In the world of currencies or FOREX, there are certain entry points that only happen a few times a year, but they’re incredibly powerful. These opportunities come after a trend breaks, a trend that has been touched and confirmed as a support or resistance zone over several years.
Right now, with
USDCAD, we’re seeing a break and pullback to one of these long-term trends. That makes this a great moment to go short on this pair.
Let me share a couple of examples with USDBRL and USDMXN. In both cases, after similar long-term trends were broken, the price moved strongly in one direction, these are the kinds of moves that can really grow your account.
There are other pairs showing similar breakouts.
Have you spotted them? If not, leave a comment and I’ll share the other pairs with you!
Right now, with
USDCAD, we’re seeing a break and pullback to one of these long-term trends. That makes this a great moment to go short on this pair.Let me share a couple of examples with USDBRL and USDMXN. In both cases, after similar long-term trends were broken, the price moved strongly in one direction, these are the kinds of moves that can really grow your account.
There are other pairs showing similar breakouts.
Have you spotted them? If not, leave a comment and I’ll share the other pairs with you!
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.
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.