Market is currently in up movement correction after last weeks analysed breakdown. I expect sellers entering the market at 1.3255 because there is 38.2 fibonacci retracement line and a long term trend line as well which is now resistance.
-RSI retraced from trend line support. Expect fast price down movement if RSI line breaks the up trend line -100 day moving average near crossing of 200 day moving average on daily chart which is bearish indicator -bearish volume peak on August 7th indicates trend reversal -possible head and shoulder formation which is active after breakdown from neckline
Trade active
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Comment
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partial take profit at current stage take profit 2 at drawn area within next days
Trade closed: target reached
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trailing stop reached after up movement without sense. USD is weak but you still get more CAD for it. can somebody explain me the sense of it ?? There isn´t one....