HEY TRADERS AND INVESTORS, This is my live viewpoint on how I anticipate the price of USDCAD to move for the rest of this trading week - pls show your support by hitting the boost/like button and follow if you agree with this idea; I would appreciate frfr
- To begin, I've been paying close attention to the price movements of USDCAD and noticed that it had gone up 0.91% in the last day + 12 hours - since there was a Bullish Candle that had three specific principles that made it profitable with a previous wick of 34 pips, which gave it the great power within itself to influence the price to go up 122.2 pips from it and protect the price from hitting a 10.5 pip stop loss below it.
(MY thought process behind this new buy position) - 6/28/2023 It started with the finding of this new Bullish Candle that has the three specific principles that I look for in a profitable bullish candle with a previous wick of 57 pips, which is greater than the last bullish previous wick (34), by 23 = automatically making it a greater previous wick, knowing the fact that the greater the previous wick - the more effective and profitable this bullish candle has become. * This is why I believe that this Bullish Candle has been given the potential power and ability within itself to influence the price to go up 135 pips from the top of this bullish candle and protect the price from hitting a 14.5 pip stop loss below the top of this bullish candle. = MY PREDICTION
(GREATER CHART VIEW)
(MY BUY POSITION OFF THIS BULLISH CANDLE) MY ENTRY PRICE was 1.32550pts The price of my stop loss is set @ 1.32285pts The price of my take profit is set @ 1.33779pts - MY RISK MANAGEMENT IS APPLIED - Always apply your own risk management above all else to protect + grow your account
- IF YOU FOUND THIS BENEFICIAL, ONCE AGAIN, you can support me by hitting the boost and following me Buomkuoth Nhial Reath - 20 years old Jesus Christ is LORD AMEN