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USDCAD: Temporary relief of selling
U.S. Dollar / Canadian Dollar
Long
USDCAD: Temporary relief of selling
By ASCENS10N
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Dec 9, 2020
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Dec 9, 2020
Price is sitting at the bottom of the trend channel.
We have CAD BOC Rate Statement and Overnight Rate Decision tonight which can help to swing this pair higher if the BOC is dovish.
Retail traders are still net long, which may cause a stop hunt to happen tonight before the swing upwards.
USDCAD Long
Entry is valid as long as price is above 1.2780
Entry: 1.2790
SL: 1.2720
TP: 1.3020
Trend Analysis
ASCENS10N
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