USDCAD: bearish trend and fall to support.
After a sharp rise to 1.287 at the end of January, the price reversed again in a bearish trend. Within this trend, as in a similar situation, zones of strong growth and fall alternate in January, so that the price as a whole evenly touches all the lines. Now the price is at the upper border of the trend at 1.269. Most likely, it will not break the sequence and after the rise there will be a fall to the level of 1.262. SL - 1.273.
Remember, there is no place for luck in trading - only strategy!
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
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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.