Quote:
Originally Posted by cprao
So far, I have not seens any reverse signals on this pair.. though I am waiting for buying opportunities.
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Keep an eye on crude oil futures with emphasis on time cycle and volume to pick USDCAD trade opportunities.
Crude oil futures @74.20 is a very important point because that's when index funds algorithm kick in made visible through volume shifts USDCAD<->Crude Oil futures.
Volume shifts=price action in USDCAD pair!
Time cycle starts coming sunday/monday when asia opens.
Best to put USDCAD and Crude Oil future charts side by side and keep your eyes open
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