USDCAD - Buy Bias

15 ott 2020

I am extremely interested in buys on most XXXCAD pairs but USDCAD in particular. After analyzing the DXY I have a strong feeling that bullish pressure is imminent. I would like to see a pullback into the key area marked followed by significant rejection before I consider my buy position. We need to ensure we see signs of rejection because if we don't we could simply be witnessing a liquidity grab from sellers before the bearish trend continues.

COT Data - 79% Long
IG Client Sentiment Data - 79% Long