After all that selloff it would be criminal not to get a relief rally. So here we have it. I think it is an opportunity to load up on a sell from higher up. Traders will be lulled into thinking that all is well then BAM! the downtrend resumes. Just my opinion.
Took a nibble out of the usdcad...Countertrend trade no doubt but reasions below:
Inverse hammer candle at the extreme price
overbought stoch turned down...
stock market rally ie us$ weakness
Quick trade nonetheless. Already taken half off and moved stop to b/e
Olu
Took a nibble out of the usdcad...Countertrend trade no doubt but reasions below:
Inverse hammer candle at the extreme price
overbought stoch turned down...
stock market rally ie us$ weakness
Quick trade nonetheless. Already taken half off and moved stop to b/e
Olu
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Find a trend and milk it for all it is worth. That's how to be profitable