USDCAD LONGS
PRICE ACTION FROM THE DXY HAS DECLINED RAPIDLY FROM THE RATE HIKE HOWEVER THE M POLICY INIDCATES FURTHER HIKE WILL BE PRESENT AND NOW THE DOLLAR NEEDS TO RECOVER IN ORDER TO BRING INFLATION BACK DOWN.
KNOWNING THIS INFORMATION ALLOWS US TO USE DATA AND TECHINCAL ANALYSIS TO ALIGN A TRADE WITH OUR RULES.
USDCAD HAS TRADED BELOW THE WEEKLY OPENING PRICE THROUGHOUT THE ENTIRE WEEK AND THIS IS HOLDING PRICE ACTION AT DISCOUNT.
Tuesday so far has the low of the week, I am anticipating to see price hunt Monday high as that is where the majority of the liquid lays.
KNOWNING THIS INFORMATION ALLOWS US TO USE DATA AND TECHINCAL ANALYSIS TO ALIGN A TRADE WITH OUR RULES.
USDCAD HAS TRADED BELOW THE WEEKLY OPENING PRICE THROUGHOUT THE ENTIRE WEEK AND THIS IS HOLDING PRICE ACTION AT DISCOUNT.
Tuesday so far has the low of the week, I am anticipating to see price hunt Monday high as that is where the majority of the liquid lays.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.