It is time for yet another forex trading plan. Today I take a look at the USD/CAD currency pair and after a swing up we’ve notice an “M” formation happening just below an H4 resistance area.
Who is ready to sell, sell, sell?
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Here are the zones so you can place them on your own chart:
H4 Resistance area: 1.3425 to 1.3445 H4 Support Area - Target 1: 1.3293 to 1.3253 Next H4 Support Area: 1.3211 to 1.3160 Small H1 Range: between 1.3380 and 1.3420
Good luck to everyone and may be pips be ever in your favour! :)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.