Following higher timeframes such as Daily & Weekly, we can see that USDCAD is in a strong downtrend. We were looking for a breakout of the structure and for the price to come and test these key areas. We saw a weak move through Asia and price is now hovering around our entry. Price could break out of this zone and move to a bullish side, we'll just wait and see what price does around London Open.
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We got into this on Monday and then got a second entry yesterday, running some serious R