Trading Edges That Last
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USDCAD Mar 19 to Mar 23 Outlook
Lawrence’s Comment
Mentioned last week I am not interested in Loonie this week. Time saved as it did absolutely nothing the whole week. Closed the week at midpoint with a very tight range.
Outlook
The triangle visible on 4 hours and higher timeframe is still in force. No point to touch this pair until one side wins the battle and can prove that they can push it all the way for the win.
What that means is that I wanted to see a breakout and the initial pullback has to be as shallow as possible and definitely has to be outside of the tight range defined over the past few weeks.
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