USDCAD Short based on Fundamental & Technical Structure
Fundamental:
USD: Tax reform progressing, December rate hike is imminent.
CAD: Dovish BOC on monitory policy. No rate hike planned. Oil price starts to show exhaustion.
Technical:
USDCAD keep forming healthy HH & HL sequence, this only the 2nd wave, within the channel. However look for price to break 1.2783 will be great entry, TP1 is very healthy at 2.3R.
USD: Tax reform progressing, December rate hike is imminent.
CAD: Dovish BOC on monitory policy. No rate hike planned. Oil price starts to show exhaustion.
Technical:
USDCAD keep forming healthy HH & HL sequence, this only the 2nd wave, within the channel. However look for price to break 1.2783 will be great entry, TP1 is very healthy at 2.3R.
Trade active
Sorry title should be LONGTrade active
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