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TRDVMA
Nov 4, 2015 3:28 PM

usdcad detailed analysis Long

U.S. Dollar/Canadian DollarFXCM

Description

4hrs chart



1dy chart



weekly chart



monthly chart



Seems like we are at the beginning of a B correctional wave (check out daily and 4h chart). Timing is important to get in. Currently at 1hrs chart upper channel is hit. Wait for a good point to enter. I would recommend at around 1.31 to enter long, where the resistance is. Long term target 1.35-1.36.
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