My trading journey with FXOpen

[radex78]

For today's trading setup, I have chosen USDCAD; I am waiting for a correction and have placed a buy limit at the nearest support level—specifically, the hourly middle band. The Canadian Dollar is expected to continue weakening, while the US Dollar strengthens.

 

[radex78]

Looking at USD/JPY today, M15 price action shows a sideways or range-bound pattern. The daily trend leans bullish due to USD strength. I am placing a buy limit order at the nearest support level, along with a stop-loss.

 

[radex78]

On Tuesday, I traded the USDCAD pair by placing a buy limit order near the lower band on the 15-minute chart. The Canadian dollar has been tending to weaken, largely driven by the strengthening US dollar—a result of high US Treasury yields and expectations of a Federal Reserve interest rate hike.