TheLurkingVariable

Looking to get long on USDCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
My "system," ie, indicators are telling me that USDCAD can go on a nice run on the daily and 4h charts but the price action seems a bit iffy in terms of confirmation. However, I feel like now is a good time to jump in in terms of risk/reward. I may be in a little early on this one but, again, I think the risk-reward ratio is there. The 4h and daily charts give me a little pause cuz they still seem to exhibit downward momentum, but given my indicators and the 1h chart, I'm gonna play this as a turning point
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