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USD/CAD analysis | Oct 20, 2020 | Managed Forex Accounts | Keon Consultancy



3 comments

3 comentários


K Trade
K Trade
21 de out. de 2020

The sell trade hit the TP.

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Anand Dubey
Anand Dubey
20 de out. de 2020

The market fell below C with a faster speed, so the idea of ABCD formation was invalidated. Also, MACD crossover required for bulls didn't take place. The blue line of MACD continued to stay below the red line which indicates bearish continuation. The Hidden Bearish Divergence is in action and market is gonna make a new low below A. Therefore, I took a sell position right a pip below C with SL above recent high and the TP below the previous low, which give me a risk to reward ratio of 1:1.



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Anand Dubey
Anand Dubey
20 de out. de 2020

MACD crossover didn't take place, rather the pair fell below C. NO TRADE.

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