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Inzamam9012
Jan 9, 2022 1:28 PM

Trading Idea Regarding USDCAD Short

U.S. Dollar/Canadian DollarFXCM

Description

According to my analysis USDCAD is going down for upcoming week once it break support zone

1-Head and Shoulder chart Pattern indicating bearish behavior for upcoming week

2-Price Break The Uptrend Line and Retest the trend line which now acting as raising resistance line

Warning:

If this pair failed to break support then most probably it move up by making double bottom chart pattern so trade only when candle close below the support area
Comments
TraderNeoMtl
I agree... break of 200EMA at 1.2628 and we could see the 1.25 level... watch out WTI price and CPI on Wednesday...
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