Depending on how long the DXY re trace continues, USDCAD is setting up for a lovely buy.
3 confluences, potential 4
61.8 1h Tf
Low wick
Re test on broken structure
Liquidation suck below lows
4h is still very bullish and Im confident this will play out. Hopefully these levels hold up well, we also have retail sales next week for CAD, be interesting to get in before and make the most out of this set up. All it will take is DXY to be trending that day and retail sales to go In USDCAD’s favour and we will see a strong rally!
I will update if I buy or not..
3 confluences, potential 4
61.8 1h Tf
Low wick
Re test on broken structure
Liquidation suck below lows
4h is still very bullish and Im confident this will play out. Hopefully these levels hold up well, we also have retail sales next week for CAD, be interesting to get in before and make the most out of this set up. All it will take is DXY to be trending that day and retail sales to go In USDCAD’s favour and we will see a strong rally!
I will update if I buy or not..
Order cancelled:
NO SIGNS OF BUYING PRESSURE, AT ALL. CANCELLED FOR NOW