Strong US Dollar momentum on the CAD
As we can see, the price is creating higher highs, so our goal is to look for long entries, taking advantage of the strong dollar momentum.
For this, we can either wait for the price to finish correcting and reach a good confluence area or enter long with a much poor R|R ratio.
Once this process is finished, we can enter long after a break of the counter trend line taking profits around 1.34888
For this, we can either wait for the price to finish correcting and reach a good confluence area or enter long with a much poor R|R ratio.
Once this process is finished, we can enter long after a break of the counter trend line taking profits around 1.34888
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