USDCAD: Between 1.29990 and 1.30320, 09-08-2018

9 ส.ค. 2018

• USDCAD is between a range of 1.29990 and 1.30320
  
• It's safer not to enter a trade if the price is between a range
  
• Trend is Up on higher time frames means it is close to Long
  
• You can follow my analysis on the chart supported by guidelines about entry points, stop loss and take profit
  
• It's possible to make a BUY stop or SELL stop orders (I prefer immediate execution not pending orders)
  
• I prefer to wait news today (after two hours from the analysis) for both USD and CAD
  
• if one is (+) and the other is (-) so identify the trade direction
  
• If two are (+) or two are (-), so wait until the price breaks either a resistance or a support level, then execute..
  
• I think it almost will be Long (because of the trend analysis), but be safe and wait for breaking any level after the news..