nmike
Short

USDCAD weekly Range Cloning analysis.....cautiously bearish

FX:USDCAD   U.S. Dollar / Canadian Dollar
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After a strong run up from hitting S3 trend line support UC went into a consolidation phase, a big red candle broke the range and price is now between S 1 and mid point of Clone (C). Price is currently holding at a minor support, a break below could see price fall to S1 support or bottom of Clone (C), a break above mid point of current Clone could see price hit top of Clone (C) near term.
Amazing that some of the Clone boundaries align with key pivots .
quarterly candle completes this montn
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FXKOPPA nmike
Thanks a lot , Happy new year & merry Christmas
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nmike FXKOPPA
....same to you and to all....
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...top Clone Hit!...add another Clone on top
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FXKOPPA nmike
sure , when you will update this?
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nmike FXKOPPA
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...well folks, might have to add another Clone on top soon...
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....bullish price action for the week & a close above Clone A mid point, next target top of Clone A
+1 Reply
....top of Clone A hit!
+1 Reply
good
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