AlkalineFX

USDCAD - Liquidity Attack

FX:USDCAD   U.S. Dollar / Canadian Dollar
This pair has been horrible to trade, it is caught in a very ugly looking range that keeps teasing us with structure shifts.

I won't be interested in trading this pair until we get a clear breakout or a scoop manipulation as illustrated. Until then we must sit on our hands and look for trades elsewhere.

The majority of retail is buying USDCAD according to sentiment, that is why I am more inclined on trading the manipualtion scoop.

Comments

Clean chart. On the higher timeframes I can see the potential for plenty more downside on this pair
+1 Reply
AlkalineFX EasyCharts
@EasyCharts, I don't doubt anything with the current DXY weakness! Thanks for the comment bro, wishing you a successful year.
Reply
EasyCharts AlkalineFX
@AlkalineFX, And a successful year to you man!
+1 Reply
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