Possible further continuation on USDCAD

Price has seen a bullish week🔥📈⬆️. We also witnessed weak Canadian data on Friday, further putting pressure on the Canadian dollar and more power for the Us dollar as price is rushing for weekly HH💰where external liquidity is present. This is due to price reacting to a discount weekly demand zone and giving out momentum.


We have a new HH & HL caused by a break of structure to the upside with momentum. This is perfect trend due to rapid formation of new HH and HL.

Next week is christmas day for Fundamental traders due to multiple high volatility economic events🇬🇧🏴󠁧󠁢󠁥󠁮󠁧󠁿🇨🇭🇺🇲🇪🇺🇨🇦. This could also add to our setup for the week as fundamentals usually add momentum to the market.

📈📊Our trading idea is bullish, whereby one of these two demand zones is expected to hold and push price further as per trend. Also taking note that price is rushing for external liquidity, we can anticipate a larger move upon reaction to our zone targeting our last HH.

💰 Apply good risk management 💰