El_Chapo_Jr

Reasons to Buy USDCAD.

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
REASONS TO BUY USDCAD📈

This is the Daily timeframe. I will use it to show you a clear picture of how the pair will run over the next weeks.

1. This week the pair started by going to the downside taking out the liquidity on the lower side. To take more Buy orders.

2. The Low Of The Week ( LOTW) was formed on Tuesday.

3. The price formed a bullish OB on this LOTW during Newyork open. ( 1hr)

4. The price went up to 160+ pips above previous highs.

5. There is a Liquidity void that needs to be filled above. The price is attracted to these areas.

With all these confirmations I will be looking for buys in the coming days✔️

Like and Subscribe.

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.