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forexhorsemen
Feb 1, 2017 2:04 AM

USD/CAD downwards momentum Short

U.S. Dollar/Canadian DollarFXCM

Description

USD/CAD has broken a long term uptrend and is now stuck in a bearish channel. It looks very weak at the moment but if it can make its way back up to the top of that channel the risk reward for this trade can be advantageous. I would expect a lower high followed by a lower low.
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