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💰💰SECRET forex trading strategy for USDCAD using Crude Oil and U.S. Dollar Index - USDX, DXY, DX

please take into consideration the list

or what ratios the risk management and

everything Emily I gave them the other

thing that I want you guys to actually

take into consideration is the lot size

that you're using so right now we are in

a bit of a ways we know like it's a bit

of a challenging market so we need to

make sure that we reduce our lot sizes

in order to have less risk like so now

looking at the USD so I don't know today

what I just want to show you is that I

want to show you how to link or how to

take the USD care so remember that right

now when you trade in the usd/cad you've

got the USD and then you got the kick

right

so the USD it's a base currency there's

a key simple stuff the cat it's a code

currency right so if they used is a base

currency right and then that for

therefore we know that it has a positive

correlation with the DXY right and then

the cat is a code currency that means it

has a positive correlation with that US

foreign right so basically what happens

is that they the u.s. one and the txy

they do affect the movements of the kid

and the USD right so the affected in a

positive there's a positive manner

they've got a positive correlation with

their kid right

and then they the u.s. oil has a

positive correlation with the Canadian

dollar and the DXY has a positive

correlation with the USD so cat it's a

community-driven currency right so

because there is no it's a

community-driven currencies that

Canadian dog a Canada is one of the

largest producers of oil right and they

export around 2 billion barrels - to 2

million barrels - things around 2

million Paris million dollar or million

barrels a day to the US right so those

are the things that like are very basic

and I feel like our most people should

know them so therefore if I'm trading

the Canadian dollar that means I need to

take into consideration the US oil and

then if I'm trading the txy

I have to if I'm trading the USD I have

to take into consideration the DXY

as well

so okay so now this is where we are

currently on the USD we have that number

top all right for me I'll view this as a

potential double top so it can be a

potential double top because I

understand that and the reason why I'm I

get had to push to the upside again

irrespective of whether this is what

actually created by what what what what

but again let's look at it in terms of

this remember that in the market each

and every tale that gets created on a

week that gets treated at some point it

will get filled so if you want to see

for example this is one of it after the

tale was created the market deep lower

it is filled fifty percent of it of that

tale so nugget came and filled the fifty

percent of that tale so they maggot will

always try to fill the tales that's the

one thing that you need to take into

consideration right so even here even

though the money didn't feel the tales

but like in most cases the tales will

get filled if they are long so I now

understand that the tale it finally got

filled so I will be looking for

potential shooting position on this pair

so because I understand that is the

potential double top right so but again

if I can make any decision I have to go

to the DXY right so when I get to DX Y

because I know that D X Y has a positive

correlation with their USD that means

I'll be looking for the same thing so I

have a potential that will top and oh my

god has a potential to push to the

downside so that's the another thing

that I see so if I'm looking for short

positions on the DX Y therefore I have

to start looking for short position on

the USD because if they dollar has a

positive correlation with the dollar if

the dollar index has a positive

correlation with at the taller right

that means I have to see a decline in

value of the dollar when the DXY also

declined in value as well so now because

I understand this and now brings me back

to a u.s. point because I need to

understand the Canadian donor as well as

I am trading it so those are the things

that you have to take into consideration

right

so when it comes to the USD so willing

to see we've got a push to the downside

I think maybe one of the things that you

can do is that you can also do this

because I know you guys use trend lights

but in most cases this is something that

you can do so it rejects at this level

of support so for me I'll be looking at

it in terms of very test of the supply

zone so they might get did spike to the

downside in order to retest the monthly

supplies their monthly demands also the

spike into the monthly demand zone

that's why I'm sorry to consider taking

long positions on this page so now you

see I'm looking for price to push to the

outside on the US oil so if I'm looking

for price to push to the upside on the

US oil what does that mean I'm expecting

the Canadian dollar to increase in value

because the Canadian dollar is a

commodity driven currency and if it's a

community driven currency what does that

mean it basically means that if I see

the US oil increasing in value as she

starts seeing the Canadian dollar

increasing in faith so now when we're

talking about the USD check right when

we talking about the USD ket okay right

because I'm expecting the dollar index

to increase that means that means I have

to ex expect this I'm expecting the

dollar index to exciting video that

means unexpected USD to climbing in

value as well because I'm expecting the

US oil to increase in value that means I

expect the Canadian dollar to increase

in faith so that's how you can inter

relate the Canadian dollar with the US

while and late

a USD with the DXY so I hope you guys

find this information helpful

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