2021.02.19 CADUSD Futures Strategy
As I review the CADUSD chart below I see the chart is attempting to break higher.
Now, consider that this is a level of previous resistance and often 3 attempts are made before breaking through.
This first chart is the Canadian Dollar Futures (Continuous: Current Contract in Front).
As you can see price is making another attempt to break higher.
Will this be the time or will we get a pullback first?
***Click on the chart to enlarge***
I inverted the above chart to provide the USDCAD perspective.
These charts tell me to be long CADUSD with my stop below the recent relevant low.
Or short USDCAD with my stop above recent relevant high
Let us see how this plays out.
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