The USD/CAD has been fire today on the upside and looking for potential buying opportunities on almost any pullback in this market. Using the triple confirmation system on the Ichimoku Cloud this indicator is definitely bullish on the hourly chart, as it is above the cloud and potential for more to the upside. Additionally, looking at other time frames, the 2-hour bar is bullish, the 4-hour bar is bullish as well as the daily chart bullish. Right now the charts show a potential reversal bar formation so waiting for a pullback would be a more cautious approach to maybe the 1.282 ish level.
In this video, we explore three binary option strikes that you could possibly consider getting long right now or get them cheaper if you thought the USD/CAD market had the potential for a pullback.
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