USDCAD: Correction over, buy before NFP.

Updated
It seems that USDCAD has hit rock bottom, reaching a strong support level showing buyers have emerged at this level.
The fundamental landscape has been very negative for the US dollar but I think this time the unexpected will happen and we will see a rally.

Buying after this bar closes, as long as above the blue line is a good idea, but we can also attempt to buy a minor retracement, if any, or market buy now and scale in on a retracement.
Stop loss should be below the blue line, with some wiggle room based on ATR.

Good luck!

Ivan.
Trade closed: stop reached
Target wasn't hit but the trade was profitable.
BOCCrude OilfednfptimeatmodeUSD (US Dollar)

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