We have seen strong bearish price action on #USDCAD for quite some time now. We have now reached a level of demand and can potentially see bulls enter the market. Price is showing weaker and weaker bearish pushes. If we see a strong bullish impulse move this will confirm price should retrace our weekly Trendline. HOWEVER! wait for the retracement from the strong bullish impulse before entering! . After the retracement look for a 4h bullish engulfing or pin bar candle to show buyers are re entering the market!
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