USDCAD short call | 14 April 2020
Hey we are on USDCAD today, requested by manjahi.
USDCAD is on bearish trend due to USD weakening. Fundamentally, USD liquidity crunch is largely eased after Fed announces $450 Billion dollar liquidity to 9 central Banks . Remember that price tend to have large volatility ahead of important events including central bank meeting, so it is good practice to close your position before tomorrow's BOC rate meeting.
Our entry: 1.39784
sl: 1.40752
tp: 1.36058
USDCAD is on bearish trend due to USD weakening. Fundamentally, USD liquidity crunch is largely eased after Fed announces $450 Billion dollar liquidity to 9 central Banks . Remember that price tend to have large volatility ahead of important events including central bank meeting, so it is good practice to close your position before tomorrow's BOC rate meeting.
Our entry: 1.39784
sl: 1.40752
tp: 1.36058
Trade fermée manuellement
Hey as we explained in the video, we should close our position before yesterday's BoC meeting. CAD weakened after BoC keeps it open to purchase more assets. It is always a good practice to avoid big events like central bank meeting.
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Follow and Trade this analysis from your Charts. FXCM now Integrated with TradingView. Contact FXCM for more information.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.