On the lower timeframe there is a strong area of support. It's likely price will reject there and move up a little on today's US session. Might see price consolidate and break in the session tomorrow to the downside.
This is what we might see if that happens: A head and shoulders pattern on the top.
But watch the Fundamentals!!
US GDP and the CAD interest rate decision are scheduled this trading session which means price may be very volatile.
Note
Following the plan nicely
Trade closed: target reached
News pushed this to it's target.Would not have traded this by myself, purely because of the risk but the technicals were right.
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Disclaimer
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.