A weekly USDCAD trend reversal could be happening.
First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards.
Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength.
The Final confirmation for this setup will be a strong break and retest of that critical price structure, to signal an entry point.
First Confirmation: Price Strongly broke the Daily resistance trendline and continued upwards.
Second Confirmation: NFP released figures, so far, show better than the forecast which supports USD strength.
The Final confirmation for this setup will be a strong break and retest of that critical price structure, to signal an entry point.