I was thinking to start a new thread where I will post my analysis of various currencies time to time. I am uniquely trading from the daily charts. So if you, the reader, seeks scalping momentums get that in the excellent Auslanco thread or another example could be Hakuna Matata. I am shooting for anywhere between 400 to 3000 pips in a trade.
Let us start. Interesting pair is the USDCAD at the moment.
See pic. Tells it all. The orange is the 365 MA. My current target which is approximately 600 pips away. MACD turned upward. The grey is a trendline. Bounce back from there. USD strengthens across the board so that might support my bullish idea.
Let us start. Interesting pair is the USDCAD at the moment.
See pic. Tells it all. The orange is the 365 MA. My current target which is approximately 600 pips away. MACD turned upward. The grey is a trendline. Bounce back from there. USD strengthens across the board so that might support my bullish idea.
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