Wednesday Market Analysis: USD/CAD

Hello Traders,

let’s hit them charts:

 

1. USD/CAD

On the USD/CAD we have a strong bullish reversal which was encouraged by the red folder news event on the USD 

The strong bullish reversal candlestick is almost as long as the entire bullish move so it’s pointless buying at the level due to poor RR.

I will be waiting for a pullback before joining the buyers to the NPRZ

 

What say you?

NOTE:

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