Hello traders, welcome back to another market breakdown.
USDCAD has failed to break bellow old lows with a follow through. The price deviated and came back inside the range. I expect the price to grow more after testing the last deviation zone where many bears are trapped.
Checkout the chart for my trigger plan for more confirmation.
Heavy manipulation on early markets, we should wait for USA session. Nice analysis.
Leo-btm
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@LuisMarcoAntonio more likely a trading range firsy before any reversal higher. So, no need to hurry with the swing entry
FirstNameHelen
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Maybe the price really can make this movement, but I doubt it, because, possibly USDCAD will rise to $1.3290 and then will make a downward impulse to $1.3130. What do you think?
WalterMoon
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After looking at your chart I can say that USDCAD will continue to decline to $1.3150 and then it may start to rise