USDCAD BREAKEVEN

USDCAD BREAKEVEN
30th November 2016 contacttf
Traders came up with a number of different ways to invest or speculate in currencies.

The overall momentum on the 4 hour chart was down, but I believe in trades need to come back into equilibrium before making the next move.

In this instance all 1, 5 and 60 min all line up.

I took trade near support, using the 1 hr candle.

I closed manually, because the flow of the chart was not going in my direction.

The Forex market is hugely liquid, with a vast number of participants. It is also a well-established market.

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