Thursday, April 19, 2018

USDCAD in a tight consolidation range

DISCLAIMER: The information presented here is for informational purposes only. These are not trade recommendations. Please follow your own trading plan. Trading is extremely risky and you may experience substantial losses.

USDCAD is trading in a tight consolidation range ahead of C$ news tomorrow.  Looking for a breakout long of this range?

The hourly timeframe shows a similar situation:

News usually comes with a whipsaw.  May be worthwhile waiting until after the initial move and participating afterwards.

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