C1X

USD/CAD INEFFICIENCY...

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Can see price pulling up inefficiently on a leg, waiting to be wiped out. This has been due to the FED's and their aggressive stance on tackling inflation. Speculations of the FED's and where they stand on their monetary policy has caused confusion for investors these last few weeks, which will clear up soon. Current price is bullish, focusing on buys till DAILY DEMAND, where I'll be expecting a HTF CHoCH in the market with LTF entry confirmation, setting us up for Short swings. Also makes sense with oil prices increasing.

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.