THOMPSON_FOREX

USDCAD New York session buys

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Following the bullish dollar momentum and order flow buys were taken on USDCAD during the new york session. London set the low of the day followed by a break of structure to the upside this trade was as simple as waiting for a short term discount price relative to the daily trading range and 1 hour fair value gap for entry, risk to reward wasn't the highest at 1:3 but 80 pips was bagged with minimal drawdown. Take profit was the higher timeframe monthly fair value gap
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.