In this Daily Trade Watch report, we look for high probability trade setups that we can trade throughout the day. Today, we analyse the potential for some short term gains in the dollar.
Firstly, we will focus our attention on is the USDCHF market. If you look at the daily charts, you can see that we saw a really strong bounce off an ascending lower channel line and it put in an impressive bullish engulfing candlestick. As a result, we will be looking carefully at a buy trade above yesterday’s high of 0.9850.
The other market that we are looking at is USDCAD. After a 6-day pullback, we seem to have finally found a bit of support. As a result, we are looking for opportunities to buy this market above 1.3258.
Potential for Some Short Term Gains – Full Video Analysis
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