JHtrading
Short

USD/CAD - Breakout impending - Many confluences for shorts

FX:USDCAD   U.S. Dollar/Canadian Dollar
46 0 2
Looking for a break of the inner TL here, first target laying at the -0.27 extension, confluent with the added ranges of the recent double top formation. This currency pair is also positively correlated with the Dollar index             , which is also showing signs of weakness. It also has a inverse correlation with Crude oil             which is showing some signs of strength.
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