Friday, May 10, 2024

-687 Points Reached in USD/CAD Sell Signal
1 mins well spent

Reason for Selling USD/CAD : 

USD/CAD was moving between the ranges in H1 Chart.

Market broken the bottom level of the range with sellers pressure.

After breakout, market re-tested the previous breakout level and starts to fall down.

After the confirmation of downward movement, USD/CAD Sell signal was given to the members.

-687 points loss reached in usd cad

USD/CAD went near to our Target 1 with +550 points profit, but it starts to reverse quickly due to the fundamental effects (Canadian GDP result).

This Fundamentals affected the technical movement of USD/CAD and makes the market to keep moving up.

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