The pair was on a descending channel, but due to the interest correction yesterday on CAD, the price become extremely overrated, broking the resistance trend line and spiking up.
Its just a matter of time for the same to happen to the downside, as it has to come a re-test the new support, so it can slowly start its way up !
10 pips of STOP LOSS and 80 of TAKE PROFIT.
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