USDCAD Buy opportunity?

Elkana Roveglia BA Takemytrades.com

Every time a trader trades the American Dollar against the Canadian Dollar, the trader should look at the Dollar Index and the Oil charts. One thing I notice in the Dollar Index chart, that is at a resistant price area but forming a continuation pattern (for more info please watch my weekly blog). I'm looking to enter a buy position with a take profit at 1.3050 price area.

Author

Elkana Roveglia BA

Takemytrades.com

Elkana had his first taste of trading at the tender age of 18 when he began trading money with a private Italian bank in the Stock Market. He left Italy at the age of 21 to study in South Africa and obtained a first class degree in Theology.

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