Tradinggrouptw
Long

ORDER FLOW - SETUP // 80+ PIPS #USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
575 3 10
Hi all,

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

Notes/Caution: ECB.

See chart for description.

http://www.tradingwhales.com
Update: CAD News kicked in a bit earlier in regards to the pullback than expected, still a really nice trade ! ;)
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pascalde-aguiar Tradinggrouptw
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 :)
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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.
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