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As you can see on the Daily chart, US Dollar has been decreasing in value against the Canadian Dollar. Daily price has previously made a low at $1.31500 zone. Most recently Bears were able push and close below the previous low and support zone of $1.31500 confirming the Bearish strength within the Forex pair. … Read more US Dollar showing further Bearish pressure against the Loonie
You don’t necessarily need full blown strategy to start back testing. Because no strategy goes into my real money account before a solid multi year backtest. This is what I did. I hope this will help you come up with a new strategy or tweak your exciting trading strategy. When you start to work on … Read more How I came up with my first Forex Trading Strategy
Daily price action has made a higher high at $1.557 and now has pulled back to its previous structure level at $1.500. $ 1.500 price zone has provided multiple support levels arising from Price Support & EMA support. One thing watch out is if this pull back start to form a Bearish Flag. Ideally I … Read more GOLD (XAUUSD) setting up for a another push up
