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Forex Analysis - Buy Signal in the USD/CAD
December 20, 2019
Buy Signal In The USD/CAD
Hello everyone. Yesterday there was a Buy signal in the USDCAD. A Harami Buy was triggered. This is a weaker signal, but it is a precursor to one of the High probable Japanese Candlestick patterns. A positive Close today would trigger a Three Inside Up Buy pattern. This is a very reliable signal that indicates a Neutral to Higher trade for the short term trend.
Will this reversal hold. We shall see. But there is a potential Christmas trade forming. See if there is a positive Close today. The Bulls may get a nice stocking stuff'r.
If the signal is triggered then use Wednesday's Low for your Risk. Play the long side with Forex, Futures, Futures Options, or Binary Options. Look for a 50% retracement of the current down move for an Upside price target.
And if you really would like to learn how to work the trade then read...
High Probable Japanese Candlestick Patterns - Available on Amazon in both Kindle and Paperback versions.
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Forex Analysis For 12/20/2019Watch the video here:
Buy signal forming in the USDAD - Forex Market Analysis For December 20, 2019 https://lnkd.in/gSjucFH via @YouTube #Forex, $Forex, $EURUSD, $GBPUSD, $USDCHF, $USDJPY, $AUDUSD, $NZDUSD, $USDCAD
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