The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: its my view only and its for educational purpose only. only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only...
This is a long term view of the USDCAD, presently the moves are corrective in nature, considering the strength of the dollar, we might see a bit of a fall before a rise and another fall. TRADE WITH CAUTION. Follow for the mini timeframe views
Looking at the structure of USDCAD, it is currently in Downtrend Momentum,
where price produced Low, Lower Highs and Lower Lows.
As we can relate to co-relation pairs,
if we observe OIL, there's a GAP of 85 to 90 per barrel.
It's climbing higher to cover the GAPS.
Fundamental expectation on WEDNESDAY 5th SEPTEMBER:
The CAD will raise interest rates higher by 25...
