FX:USDCAD U.S. Dollar/Canadian Dollar
The USD/CAD 30M chart looks to have broken the sideways corrective movement to the upside. This on the back of the 100 and a reading. We're interested buyers, with an impulsive-corrective-impulsive sequence as our trading concept, our target area for this next impulse is around the weekly R2 pivot zone. Our risk-to-reward on the position will be slightly over 2.5 to 1.