AlkalineFX

USDCAD - Upside Potential

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD has a nice potential to go long after it lures buyers in here. Ideally, I want to see a push down into the marked structure box before upside continuation.
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Comments

No chance, US CPI comes out today.
+1 Reply
AlkalineFX rorymac3
@rorymac3, what you mean no chance LOL! The day has just started
Reply
rorymac3 rorymac3
@AlkalineFX 1. price retraced long-term to the 61.8% fib and rejected it strongly. 2. Today’s CPI is likely to favour USD bears. 3. Global sentiment is still risk on with Coronavirus recovery which devalues the dollar as a safe haven. 4. U.S stimulus is on the way and, with Democrats having full control now, it’s extremely likely to pass - further devaluing the dollar. But good luck 😉
+1 Reply
AlkalineFX rorymac3
@rorymac3, Stop having a bias, this will destroy your trading
Reply