Confluences for Trade:
- candle formations
- Price at 61.8% Fibo levels of previous High - Low
- Overbought momentum
- Fundamentally, positivity is slowly returning to improve sentiment about global demand which is likely to spur oil prices and with OPEC looking to react to such low oil prices, CAD strength is likely.
Entry @ Area of Interest 1.5500 - 1.5650
RR: Approx. 2.08 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.