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JB_FMO
Aug 26, 2019 8:23 AM

USDCAD  

U.S. Dollar/Canadian DollarFXCM

Description

The Loonie is starting to look very interesting.
Still in a Weekly Phase 2 and trapped between the Monthly R2 pivot and Yearly pivot, a break above and price could reach the long term trendline. Any sell trades should initially target the yearly pivot.
A clean break of the yearly pivot would open up to more selling.
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