USDCAD had given a breakout from the falling trendline. Recently, it took a hit from the so-called resistance zone forming a double top pattern.The bearish candles formation near the top indicates a trend reversal.
We are expecting the price rejection from double top and a fall may happen. Long positions can only be taken above the resistance zone.
Manage your trades accordingly.
We are expecting the price rejection from double top and a fall may happen. Long positions can only be taken above the resistance zone.
Manage your trades accordingly.
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