Possible Setup for the CAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
376 6
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!
Trade closed: target reached
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
Nice input!
stream deriangw
thanks , good luck
seems like its heading up mate
stream deriangw
i so it , seams to me will go to 1.3114 , then down next week
stream deriangw
I am going to short uc at 1.2977
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