deriangw
Long

Possible Setup for the CAD

FX:USDCAD   U.S. Dollar/Canadian Dollar
374 6 7
4 months ago
Today the BoC             (Bank of Canada) will determine its overnight rate.
Expecting no change to the rate, hence we should expect a rising CAD against the USD
We may see a long setup by the USDCAD             .
Note that it is important to look at the lower time frame and wait for consolidation.
For now this is the lower risk trade compared to the short trade.

In case that USDCAD             breaks downward we will see a short setup. If that happens, we wait for the pullback
before entering into the trade.

Trade according to your own risk!
4 months ago
Trade closed: target reached
stream
4 months ago
UC only can dream going back to 1.29 . There is a long nice red candle from there .. Uc is on its way ro 1.20 . Keep only short , bearish market
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deriangw PRO stream
4 months ago
Nice input!
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stream deriangw
4 months ago
thanks , good luck
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deriangw PRO stream
4 months ago
seems like its heading up mate
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stream deriangw
4 months ago
i so it , seams to me will go to 1.3114 , then down next week
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stream deriangw
4 months ago
I am going to short uc at 1.2977
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