FX trade of the week - USD/CAD is in a free fall | Bulletproof Traders
In our FX trade of the week, Bulletproof Traders in-house trading activities present our sell position on the USD/CAD. Is USD/CAD is in a free fall?
We've been riding out this strong move on the USD/CAD ever since 1.2510, even before the pair had officially broken below the big defensive key level of 1.2466.
Once it did, we got more confidant about this downside trend and as a result, we've become more aggressive by loading up our position size.
We strongly suspect the USD/CAD had only covered a third of this potential move. Ultimately, We have our target on the big next support level of 1.1890.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place.
You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader. We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
We've been riding out this strong move on the USD/CAD ever since 1.2510, even before the pair had officially broken below the big defensive key level of 1.2466.
Once it did, we got more confidant about this downside trend and as a result, we've become more aggressive by loading up our position size.
We strongly suspect the USD/CAD had only covered a third of this potential move. Ultimately, We have our target on the big next support level of 1.1890.
* Bulletproof Traders is a members-only Forex trading club. Run by an elite team of traders and market analysts, using science based approach to master the art of trading.
My name is Roy Levine, and I'm the co-founder and head of trading at Bulletproof Traders. We are helping traders from all over the world to become full-time traders and reach their financial goals. If you want to learn how to turn your trading into a profitable business, then you landed in the right place.
You can learn trading secrets, trading strategies that work, improve your trading performance, and become a successful Forex Trader. We understand what’s needed to be done in order to break through the hardship of this financial journey while saving you a great deal of time and money. Eventually, our goal is to show you how to dominate chart analysis to the point of producing outstandingly accurate forecasts and price predictions. Most importantly, we will show you how to become a successful Forex trader with a proven track record and systematic approach.
Join us and learn how to make money in Forex trading, learning the best trading techniques and trading secrets.
