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Tumi_Sosa
Dec 11, 2016 5:51 PM

USDCAD Bearish Flag Pattern 

U.S. Dollar/Canadian DollarFXCM

Description

Bearish trend movement for the past few days after price rejection at 50% Fibo lines. Range movement occured at top trend line creating new resistance line. "Higher highs trend" seems to have ended causing price to fall to the bottom trendline. Im expecting a BOUNCE or RETRACE before breakout below.

:)
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