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EURCAD TURNING AROUND UPWARD?

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The canadian dollar tron between and the data can help it decide where the next Go..

Canada publishes its jobs report on Friday, June 8th, at 12:30. Back in April, the Canadian economy lost 1,100 positions, a very disappointing outcome.

The general notion was that the nation got out of its long winter slump and growth, including in jobs, would pick up.

Net Employment Change expected to rise by 20,000, an increase that is within the normal range.

The Unemployment Rate is forecast to remain unchanged at 5.8% with a stable Participation Rate at 65.4%.
All in all, expectations are reasonable, not too hot and not too cold.

Any deviation will likely have a significant impact on market. And will help it choose a direction as it stands at the crossroads.

Apart from this,

In a day time-frame, the signals moved in the major trend line, at 1.52245 it start to behave abnormal. signals break-out the resistanceand went downhill.

And again it tried for push-up but it can’t. At 1.51665 the market broke the resistance and the and formed as a good impulse.

After the Break-down the candles are growing with high up-ward potential.
I’m expecting the rise will up-to 1.56192

SIGNAL SPECIFICATION

Pair:EURCAD

Order:BUY

Entry:1.52684

Take profit:1.56192

Stop loss:1.49218

Risk Vs Reward:1.01
————————————————————————————————
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Note:

Trade signals would usually have a risk to reward ratio of 1:2.
It means that, even 2 out of 4 signals hits their SL marks, the other two would have closed with profit.
This allow you to be good in overall pips profit.
Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours.

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Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil

 

07 Jun 2018 11:51 am 0 Posted by tamilforex

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