USDCAD: Market Structure & Technical Analysis
Updated
Hello traders, just giving an update on the previous analysis of USDCAD given earlier this week. It seems USDCAD is continuing to move in a strong bearish direction. Price retraced to the entry and is dropping as predicted. Keep an eye for a continuation of the bearish trend and the possibility of new lows forming.
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downside targets almost reached. over 100 pips in profit and counting. Secured 80% profit and moved stop loss to break even for a risk free swing trade.
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