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UnknownUnicorn15614419
Mar 10, 2021 6:48 AM

USDCAD: bearish movement, trend reversal Short

U.S. Dollar / Canadian DollarFOREX.com

Description

The last half of the year, the price movement was accompanied by frequent and strong jumps from growth to fall. Nevertheless, these movements fit into the downtrend. The resistance line forming this trend was formed in November 2020. There is also a correction zone in the middle of the trend. Now the price is ready to reverse from the resistance at 1.268. It can be expected to fall to support 1.252.
SL - 1.277.

Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
Comments
KlejdiCuni
It's awesome.
StevesTradingV
Clean set up… thanks for sharing, mate ;)
Mihai_Iacob
Let's see if it will continue down
thanks for sharing
UnknownUnicorn15614419
@OptimoomFX, Thanks )
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