There is CAD news in the morning of the NY session which should move price in either direction
High possiblity that price coud move sideways until news comes out

Bullish trade can move up to previous resistance and 100 sma

Bearish trade can move to bottom of range
Note
Don't enter before news
Let price do its thing
We are trading news momentum
Note
CAD 4H news trade has bullish momentum
snapshot
100sma50smaChart PatternsforextradingnewstradingrangetradingsidewaysmovementtradingstrategyguidesTrend AnalysisUSDCAD

Also on:

Disclaimer