Price has completed abc corrective pattern on daily
Price has been accumulating between 1.32 and 1.33
Price broke and closed above 1.33 then pulled back to Daily order block(liquidity)
Price respected the lows and lower TL and moved strongly out of the demand zone (bullish PA)
Oil has been bearish
dxy has been bullish
most Cad pairs are correlating similar price action.
Short term Long to 1.3400/62% Fib
Entry: 1.32252
SL: 1.31600
TP: 1.3400
Price has been accumulating between 1.32 and 1.33
Price broke and closed above 1.33 then pulled back to Daily order block(liquidity)
Price respected the lows and lower TL and moved strongly out of the demand zone (bullish PA)
Oil has been bearish
dxy has been bullish
most Cad pairs are correlating similar price action.
Short term Long to 1.3400/62% Fib
Entry: 1.32252
SL: 1.31600
TP: 1.3400
Note
Oil Note
DXY 
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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.