USDCAD READY FOR STRONG RECOVERY

We have been watching this one very closely, Canadian Dollar has been very strong in recent days even with the strong Dollar on Friday, price continued to trade lower below the Momentum low. On Friday, some positive news for USD but bad reaction in USDCAD which suggests the pattern hasn't been completed.
The way to look at this is very simple, Think like a Fundamentalist, Trade like a Technician. The fundamentals are Positive towards USD, but technically we must wait for failure to make a lower low.
We have seen a failure from a lower time frame, and the invitation is accepted to go long from current level.
BUY @ 1.3095
SL: @1.3080
Target@ 1.3374

Сделка активна

Комментарий:

Price back above the momentum low. More buyers

Комментарий:

Price acceptance just above the Momentum Low.

Комментарий:

USDCAD still printing higher low from momentum low.

Сделка закрыта вручную:

More strength into CAD.
+89Pips