Hey there guys !
So I’m continuing with my 3rd LIVE TRADING video today – showcasing today’s (16 April 2018) forex trade in the EUR/CAD currency pair.
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You can watch my EUR/CAD forex trade being performed LIVE in the below video :
So the rational for this forex trade is listed below :
- The EUR/CAD currency pair had been beaten down a fair bit in a matter of about 12 hours – hence the higher potential uptick for a correction. The trick is in timing to ride it at an opportune time.
- My usual technical indictors that I employ are – RSI (Relative Strength Indicator), MACD (Moving Average Convergence/Divergence), AO (Awesome Oscillator), Bollinger Band all indicated that an upswing was on the way (or forming up)
- There was no major news or announcement to indicate that the currency pair would be beaten down further
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