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VladimirRibakov
Jun 20, 2018 11:42 AM

USDCAD Double Scenario Short

U.S. Dollar/Canadian DollarFXCM

Description

D1 - After the W1 downtrend line was broken, we can expect further continuation up. Price is currently at confluence point and we can expect corrections down now.

Short term sell opportunities might be provided, and then we will be looking for the buys. Keep in mind sells here are aggressive, while buys are the conservative trading option.

H4 - We are looking for the pullbacks lower, so if confirmations are provided it could be traded in the short term.
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