As you can see, today's candle is engulfind yesterday candle in a bullish manner. You can wait for the end of the day to confirm if the candle will remain bullish engulfing or like me go long and get out of the chart.
USDCAD seems its near to done it 100% move and also Seems RSI near to change its Trend.
We advice buy usdcad cmp 1.28 with sl 1.2750 where tp1 1.29 and tp2 1.2950
If hold below 1.2750 next 1.26-1.2650 we can see
Data has been deteriorating in Canada lately and the recent strength in the USD is expected to continue this week. We have already had a 50% pull back from the initial trend that began at 3/4/16 so we are now just looking for minor pull backs as set out on the chart before making a new high and extending to profit. ...