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FxScientist999
Nov 10, 2020 1:13 PM

USDCAD Long term buy Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD has given us a false break to the downside and now is trickling back within these two major zones. There are two important FOMC talks today at 12pm New York time, but other than that this pair is free from fundamental drama. Structurally this trade will have a huge Profit:Loss ration. Both to the smaller zone in the middle and then possibly to the upside. I'll be entering now on a buy and holding this one for the week.
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