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TheCaffeinatedTrader
May 21, 2020 9:41 PM

UsdCad Moving Up Again - Double Bottom on Major Support Long

USD/CADOANDA

Description

- Double bottom on major support zone
- Break of trend line with retest and rejection off trend and minor support

First Targets - 1.403
Second Targets - 1.411

Comment

- Topping out at trend line with structure resistance
- Monthly and Weekly pivot points suppressing price
- Strong volume on the hourly spinning top hinting at selling pressure

Trade closed manually

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