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U.S. Dollar / Canadian Dollar
Short

USDCAD SHORT SET UP

By AbundanceFX
Updated
Short position set up. Price is currently below critical resistance at 1.33191. Any close above this level invalidates a short set up. Waiting for bearish price action to confirm our short entry. Targets are noted.
Comment
Bearish Engulfing candle has formed on the 4 hour chart. Waiting for price to break below 1.3264 (trigger) to enter short order. Upon confirmation we will set our stop loss level above previous swing high.
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