ProSignalsFx

USD/CAD STRUCTURE ANALYSIS

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
The pair is trading in a narrowing wedge, and is now at a horizontal support level.


At a closer inspection, a double bottom is clearly visible. So, once there is a breakout of the small diagonal resistance line, go long from a retracement.

Simple structure trade with decent risk reward and good success probability.

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