USDCAD Long
I'm bullish on the DXY long-term, so this week's crash of USD pairs just looks like a pullback to me. The order block I have marked up on USDCAD seems to be a strong area for a reaction to occur, so let's see what happens. The time of day for this trade is not optimal, as there are higher spreads and more indecisiveness in the market as we move into the Tokyo session. Therefore, i've taken low risk on this trade, however I see the incredible R:R to still be worth finding out if this works or not.
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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.