Canadian Dollar Trade

in #trading6 years ago

A weekly bull flag is forming in the Canadian dollar.

666A94A9-2333-4B8E-AEAB-4ECCA6741B89.jpeg

It has also put in a second higher low which technically constitutes a trend reversal.

1AC9F284-C29D-4B02-BA49-63F5E1630B89.jpeg

There was definitely an increase interest overnight due to the nafta agreement but also looks like there are tailwinds due to stronger commodity prices. The risk rewards look fine here for a position.