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USD/CAD BUY TRADE REVIEW (OCTOBER 20TH 2022)

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USD/CAD BUY TRADE REVIEW (OCTOBER 20TH 2022)


Analyse

Two days of sideways price movements bring us to the 20th October 2022. If you have been following our content, you’ll know that any price movement in the direction of less than 90% is considered a sideways move. We are left with an open bias if we have two consecutive days of sideways movement.

 

We accept trades on both sides of the price in an open bias. We can accept both short and long positions within certain trade parameters. This logic allows us to capture a range border and is useful because the price is less likely than to move in large swings. We try to profit from this by trading the lower and upper bounds of the range.

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