12 Year Old Trades USD/CAD
Fibonacci is one of the most complex things for some new traders and I am here to simplify it for you because it's a Japanese indicator that uses a lot of levels to tell you that in that level there is a lot of volume and float. I am bearish on the Canadian dollar (CAD) because the Canadian economy is stronger than the US economy because it's tanking because of higher inflation and many other factors. The loonie is a better currency in recession because the Canadian Central Bank (CCB) has a better monetary policy than many European nations, they copied it from the Swiss.
Note
I have another resistance level
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.