Today featured trade balance
news for the United States and
Canada. The U.S. news was not
enough to propel the euro
upward -- with the prevailing
trend -- above a psychological
figure and m4 pivot point to a
new all-time high, so the
currency pair fell instead to
provide a short trade
opportunity. The Loonie, on
the other han
more

Today featured trade balance
news for the United States and
Canada. The U.S. news was not
enough to propel the euro
upward -- with the prevailing
trend -- above a psychological
figure and m4 pivot point to a
new all-time high, so the
currency pair fell instead to
provide a short trade
opportunity. The Loonie, on
the other hand, did make its
break in the direction of the
prevailing trend. The USD/CAD
retracement gave traders
multiple entry options, and
the 'ride the 5' journey
through the London close for a
25-pip profit looks easy in
retrospect, but was actually a
3-hour test of discipline and
patience

Category News & Politics

Tags learn, forex, training, trading, currency, New, York, session, trade, balance, news, US, Canada