norlac

BEARISH OUTLOOK FOR USDCAD

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD
The pair is repelling a verified support zone. Look out for continuation of the bearish outlook opportunity from the 1.31000 area which .

Conservatively you can wait for a pullback and then break of a counter trend line placing your stop loss 25pips below the low of U turn.

Take profit levels are:
TP1: 1.30150

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Norlacfxservices Team
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