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gibbsys
Aug 10, 2021 10:12 AM

USDCAD Short Setup Short

U.S. Dollar/Canadian DollarFXCM

Description

Trend: Long term Bearish
Structure: Support and Resistance / Buy & Sell Zones.

Plan: We look for price to respect the upper resistance zone and make a move to the downside.

There is some multi timeframe analysis with this trade as MACD on the 4hr chart looks like it will confirm to the downside.

TP is at 0.5Fib level
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