rf16saun

USDCAD will be a good hedge for DXY move next week

FX_IDC:USDCAD   US-Dollar / Kanadischer Dollar
This pair is stuck in a very structured zone to play the DXY             fall or run, check my previous post on DXY             to undestand the structure. Last week this pair formed a strong pin bar before the market close but closed above the resisitance zone. We can go long for immediate resisitance zone for next week till DXY             move to 91 level and if it does this pair might be in a zone of resistance to form a potential triple top. If DXY             fall after reaching to 91 level then this pair might give a good short opportunity with awesome risk reward to trade till price reach ending diagonal broken zone. This trade is purely for the DXY             behaviour near 91-92 zone,
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