$USDCAD textbook work on sells.

2022年5月31日

The trend is pretty straight forward for USDCAD currently in drawdown on my trade from earlier due to oils slight decline “correction” temporary. These two correlate and as so oil has more room for a move back to 117.670 with a bit of patience we will see USDCAD at the lows it will most likely end up going to 1.24690 as the dollar will lose power indexes seem to be a bid for now over night during Asian session this as well should bring this pair down along with dollar index moving lower. Markets daily candle is currently green this is enough buying to bring the wick into a clean red no buyers on orderflow The only reason why we didn’t break support was because of that PowellxBiden meeting today. Good luck on your trades and don’t forget to hit the thumbs up button!