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tigo2020
Jul 2, 2017 2:44 PM

USDCAD - Ready to go long Long

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD .. I am getting ready to go long if we get H1 trend line break.
I think we have completed 5 waves already but I may be wrong as it can still push lower that's why it is important to wait for a trend line break before going long.
If we get a trend line break, then SL goes below the lows and the 1st target is the 23.6% retracement level of the entire down move.

If we get a break above the 23.6% level, then 38.2% and 50% levels are available.

Happy trading
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