Category : Technical Analysis
Technical analysis of USDCAD is revealing some big moves coming in the next few months. Complete technical analysis. A weekly or daily close above 1.3585 will negate this setup.
If you are short term trader which I do not recommend especially for new traders, then look for setups to go short on this pair on intraday charts, like 30 minutes or hourly charts.
My risk is 500 PIPS with a potential reward of 1700 PIPS within 14 Weeks. This is how the big guys make money trading forex without doing any big work. Identify great setups like this and continuously sell the highs.
If you want to learn how I find these trades and which combination of indicators I use and the complete trading plan, then pick up “Proven Forex Trading Money Making Strategy for Beginning and Struggling Traders” here