Tradinggrouptw
Long

ORDER FLOW - SETUP // 80+ PIPS #USDCAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
562 3 10
Hi all,

Potential trade setting up on USD/CAD             .
- Currently awaiting pullback.

Notes/Caution: ECB.

See chart for description.

www.tradingwhales.com
pascalde-aguiar
2 years ago
Agreed ! I can even picture a pullback lower.. at 1.181 a very important level. Beside (and even if the fundamentals are very important) the weekly chart shows that USDCAD is terribly overbought.
Reply
Tradinggrouptw
2 years ago
Update: CAD News kicked in a bit earlier in regards to the pullback than expected, still a really nice trade ! ;)
Reply
pascalde-aguiar Tradinggrouptw
2 years ago
Yes ! I know but I see it as an even better oppotunity. It was overbought before what the BOC said and now it's super overbought on weekly. Obviously it's still bullish but it needs to gather more steam at a stronger structure level and trend line. Well.. you chart says it very well :)
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out