Swing USDCAD Long bias

Wick build up on the Weekly chart within order block. Several inducement bottoms above this OB.

This setup/idea functions mainly as bias orientation for this asset - I will be looking for longs along the way.

Invalidation is price acceptance below the 1.3 lows.

RRR: 2.6

Comment:

DXY is still strong, trade is going well so far

Comment:

Still inching higher on the Daily, but with DXY hitting resistance level (see our DXY trade idea) and USDCAD is filling FVG on the Daily, there might be some correction here.

Comment:

If there's a correction on the table, this is what it could look like:

But ultimately these highs around 1.368 are the draw

Comment:

Highs taken

Trade closed manually:

Target almost reached, I consider this trade to be fully done.

USD should push a bit higher, but I won't sit around hoping for a few pips. Closing the trade, congrats if you took it, onto the next one