USDCAD: Eyes on A Buying Opportunity

As Canada continues to show strength, I'll be looking for a buying opportunity in the zones identified on the chart above. As of now, I have no reason to put any orders in, but I'll be keeping a close eye on the markets as the "real" trading week begins today.

New wise it'll be an interesting week for this pair as we have a handful of FED members speaking along with a FOMC Meeting minutes release as well this Tuesday. On Tuesday the Bank of Canada will also have a Rate Statement released prior to the FOMC.

I know this seems like a broad idea as of now but this is how I start my week, by constructing broad analysis and biases on the higher time frames, then drilling down to the lower ones during the week in order to find opportunities.

I appreciate all of the support hear on Trading view. Passing the 1 million views mark was pretty cool and I love that you guys have kept it positive and made this a place that I actually enjoy sharing to when I have the time.

Akil Stokes

Comment:

FOMC, BOC & Oil news events mentioned above are on Wednesday not Tuesday. (I never really know what day it is)