Wednesday , December 13 2017
Home » Forex Trades » New Forex Trading Signal: Sell USDCAD @ 1.3450

New Forex Trading Signal: Sell USDCAD @ 1.3450

Sell USDCAD @ 1.3450. Take profit targets @ 1.3390 and 1.3340

Stop loss @ a close above 1.3490

Conviction:

On the 4 hours chart, the EURUSD reached the resistance level formed by the 21 moving average and it’s showing weakness as the RSI is heading downwards to the 30 zone. Moreover, the pair is forming a bearish inverse cup pattern on the 4 hours chart confirming that market participants are trying to push prices lower.

Subscribe to FXLORDS Forex Trading Signals Here

XTrade Mobile App

About Razi Hammoudeh

Razi’s professional experience was gained over the course of more than a decade working with leading Forex market makers in the Middle East, Asia and Europe where he learned about trading, financial instruments and global markets. Being exposed to the wide range of skills he acquired along the years, he continued to develop his trading strategies and further improving his track record in Forex trading. He used innovative business development strategies to find FXLORDS, helping it to rapidly become a major provider of education and trading tools to the successful trader. He is an enthusiastic individual, motivated by challenge and renowned for pushing the limits, always looking to gain some more experience and help as much as possible along the way.

Check Also

New Forex Trading Signal: Sell USDJPY @ 112.20

Sell USDJPY @ 112.20. Take profit targets @ 111.50 and 111.30 Stop loss @ a …