TomProTrader

#USDCAD: Bears Around, Some Downside Likely

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
12
The pair traded up to corrective structure and there is clearly bears at this level. There is strong Stochastic divergence here at the top of the structure which reinforces the bears move. There will be a move at least to the bottom of structure, with the possibility of getting a new impulse leg if we break below it. Hope you have a tested trading strategy to trade this move when it starts

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