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Cohiba93
Sep 7, 2017 1:58 AM

USDCAD To Continue Downtrend? Short

U.S. Dollar/Canadian DollarFXCM

Description

We're at a minor decision point with this pair as it seems to be in an area of consolidation. I will be watching for when it comes out of this consolidation as I'm expecting a large downwards move. I'm also preparing for the possibility of an upwards price correction move.

Trade closed: target reached

Price moved down perfectly as predicted! Small take but not insignificant!
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