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TheeC

USDCAD D1 Analysis

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TheeC Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Support and Resistance Fibonacci Trend Lines
1
0
supportandresistance fibonacci trendline
USDCAD D1 rejected the resistance at 1.29.
At the moment we are in a downtrend.
Should it break the 23.6%( 1.27 ) Fibonacci level we will sell it.
Our target will be at the 38.2%( 1.26 ) Fibonnaci level.
Stop Loss : 1.29100
Comment:
A Double Top Has Formed. After a bearish engulfing candle forms, it wil be a good time to add another sell position
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