1. Broke through a very strong structure after getting rejected multiple times
2. Increasing upside volume
3. Good RR about 3
4. Higher highs and lower low.
5. Daily time frame shows that the breakout from the main correction trend is still in play. As of now, a potential breakout of a bull flag can be possible.
*THUS LONG PULLBACK @1.3085
Fundamentals
1. Bad CAD data today
2. USD has been gaining back some grounds in past 2 days.
2. Increasing upside volume
3. Good RR about 3
4. Higher highs and lower low.
5. Daily time frame shows that the breakout from the main correction trend is still in play. As of now, a potential breakout of a bull flag can be possible.
*THUS LONG PULLBACK @1.3085
Fundamentals
1. Bad CAD data today
2. USD has been gaining back some grounds in past 2 days.
Note
1. Facing some resistance, would be good to take some profit and see if the rest is able to break through the bullfrog. If it breaks can look to add in more position in USDCAD.
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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.