USDCAD H4
Bit of a long-term forecast projection here... However, CAD seems to be gaining in strength due to recent WTI demand. Market correlation right there.
We also have DXY at a key resistance price (weekly/daily resistance), from here we can expect rejections like we have already mentioned, especially after seeing the D1 close break.
Lots of data coming up this week to start the week, but eyes peeled for something like the above. The perks are, we need the break and retest for confirmation purposes. Without this, we can't take the trade, and thus can't lose money...
Bit of a long-term forecast projection here... However, CAD seems to be gaining in strength due to recent WTI demand. Market correlation right there.
We also have DXY at a key resistance price (weekly/daily resistance), from here we can expect rejections like we have already mentioned, especially after seeing the D1 close break.
Lots of data coming up this week to start the week, but eyes peeled for something like the above. The perks are, we need the break and retest for confirmation purposes. Without this, we can't take the trade, and thus can't lose money...
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