USDCAD - I may open a Buy position this week The Monthly is...

  1. RickM
    2,131 Posts.
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    23/04/18
    04:07
    Post #: 32617606
    USDCAD - I may open a Buy position this week

    The Monthly is still Bearish but starting to turn, weekly closed Bullish.
    The Daily is a strong Buy but I am not trading Demand here ( Breakout ) because there is very strong resistance ahead at 1.2891

    I am looking for a H4 Pullback then Buy if I see a Thrust up candle at supply level.
    A safe entry would be in another 60 pips higher up.
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