USDCAD seems to be travelling in the narrowing band. This is a quick long opportunity in an otherwise downward trend.The price is expected to move up (at the time of writing its close to 1.2428). There is some subtle US fundamentals such as Michigan Inflation expectation today.
Albeit there isn't a massive range here its a quick in and out.
Entry: 1.2427
SL1: 1.2488
SL2: 1.2500
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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.