USDCAD: DXY strong bull run will continue to dominate
Dear Traders,
DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone.
Price had accumulated for weeks in a pennant channel and broke out strongly, second confirmation is that price did restest the area after it broke out the channel. Third confirmation is price movement in 4h and 8h timeframe shows strong bullish volume invovement.
Like and comment what do you think of USDCAD.
DXY strong bull run continue to dominate all the USD pairs, and it will likely to dominate the market in future. Because recent significant economic data came out in favour of DXY with great margin. We personally also think that price is likely to rebound strongly from our entry zone.
Price had accumulated for weeks in a pennant channel and broke out strongly, second confirmation is that price did restest the area after it broke out the channel. Third confirmation is price movement in 4h and 8h timeframe shows strong bullish volume invovement.
Like and comment what do you think of USDCAD.
Trade active:
-Price fell to our demand zone, from this zone, we expect price to rebound strongly towards our target area. Use this as stop loss and take profit points, please use the proper risk management and do your own research before taking this trade setup.
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