The U.S. Dollar start with good news vs. the fears in the global economic slowdown in the global financial market. Meanwhile, I see a good opportunity to long this position U.S. Dollar/Canadian Dollar in H1 timeframe. For that, I put a buy order limit to $1.2880 CAD with Stop Loss to $1.2816 CAD (64 pips) and target to $1.3054 CAD (174 pips)
Meanwhile to recall, on Wednesday, we have a important economical news about interest rates where the FED it's being intensify the global monetary policy tightening inflation data, and where FED suggested more aggressive monetary policy. But economist expect that FED move and increase the interest rates for 0.75%.
So guys, i hope that this economic news become bullish and optimistic at favor of the bullish trend sentiment
I hope that this idea support you!!!
Good luck!!!
Meanwhile to recall, on Wednesday, we have a important economical news about interest rates where the FED it's being intensify the global monetary policy tightening inflation data, and where FED suggested more aggressive monetary policy. But economist expect that FED move and increase the interest rates for 0.75%.
So guys, i hope that this economic news become bullish and optimistic at favor of the bullish trend sentiment
I hope that this idea support you!!!
Good luck!!!
Note
Update: We're with over 73 pips i profits.
I suggested to put your break even at $1.2845 CAD (33 pips) to cut loss.
At the moment, we're ok in this posiiton
Keep hold this posiiton.
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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.