USDCAD likely long setup in play with scheduled news event of US Crude Inventories to act as catalyst in weakening the commodity based CAD.
Note
Probable termination of current upside trend still likely around levels of 1.31300Put trade taken at 1.2985 to break-even, with trade still open for TP at 1.33370.
Trade safe, take care.
Related publications
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.
Related publications
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.