📈USDCAD formed a high-momentum bullish candle yesterday, on a 4-hour time frame,
This candle closed above a significant horizontal resistance level.
The violated structure and a prominent ascending trend line now create a contracting demand zone, which is the area where the next bullish movement is anticipated to begin.
The subsequent resistance level is at 1.3986.
This candle closed above a significant horizontal resistance level.
The violated structure and a prominent ascending trend line now create a contracting demand zone, which is the area where the next bullish movement is anticipated to begin.
The subsequent resistance level is at 1.3986.
Trade closed: target reached
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Disclaimer
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