capitalpropertiesfx

USDCAD short-term brearish scenario

FX:USDCAD   U.S. Dollar/Canadian Dollar
227 0 2
A clear triangle here but as the previous drop from the highs looks like a corrective structure, the triangle may be a part of a larger correction to the downside. Hence I'm interested to see what happnes when we reach the first target area (if at all) and then make a decision what to do next.

However, keep in mind that the bigger picture trend is up.
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