EdwinMentee1K
Long

USD/CAD RISE FOR THE WEEK

FX:USDCAD   U.S. Dollar / Canadian Dollar
Based on my naked analysis, I started on the monthly and noticed that my blue EMA was still above my red MA. To me that indicates that the trend for this market is still bullish . Last week this pair ended off in a bearish trend on my lower time frame chart (1hr) which you can see on the chart after 4 levels of drop.

The pair now looks like it is forming an inverted head and shoulders . According to price action this pair has gone up almost 30 pips since the open of the market today. I expect this to hit the 1.29358 support after a short rise and then rally off for about 3-4 levels of rise.
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