On the photo you can see all the price levels. Overall USDCAD has been strongly bearish movement but price has a had a short term bullish move. Currently I am seeing a bullish flag forming. Price is coming back to a very strong Weekly and Daily support area. I will be looking for longs at this price Lvl as I believe we might see a reversal in trend. Also we have news that is looking for strong for USD that I believe might help push the reversal. Happy trading. This coming week is going to be very interesting. 
Trade active
I have not entered a trade as I am waiting for news. Right price is very indecisive.Trade closed: target reached
NA
I post weekly on macro drivers, capital flows, technical structure and the key forces shaping today’s financial markets, from FX to equities and everything in between in my community. Check the website!
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.
I post weekly on macro drivers, capital flows, technical structure and the key forces shaping today’s financial markets, from FX to equities and everything in between in my community. Check the website!
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.