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AvidPips
Nov 21, 2018 5:33 AM

Short Short

U.S. Dollar/Canadian DollarFXCM

Description

FX:USDCAD
Looking for a short on the USDCAD. Expecting a spike of 20-30pips to the high, with a follow up of a nice long drop.

Comment

As we are now approaching the major resistance line of the year I expect a bounce in favor of a short. Though given the direction in the grand scheme of things, we could very well witness a breakout to the high.
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