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tommywilson
Jan 11, 2022 9:29 PM

Broken head and shoulders neckline! Bearish on USDCAD!? Short

U.S. Dollar/Canadian DollarFXCM

Description

Just broke the neckline of a pretty big head and shoulders.

I'm looking for a retest of broken neckline support to be confirmed as resistance at the first circle.

First target at longer term support, second target at the projection of the head and shoulders.

Wednesday's CPI data may help confirm direction.
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