USDCAD TWO POSSIBLE SET UPS

SCENARIO 1: Price continues its bullish run and we see a break of the counter trend line which will warrant buy positions to upside target zone. ( Possible price stalling or false break out if we fail to break the resistance/ price deceleration zone)

SCENARIO 2: Price begins a bearish cycle we see a break of the ascending trend line , which will warrant sell positions to downside target zone

BIG TIP: Sometimes being conservative and waiting for a break + retest of a broken trend line or counter trend line can be very useful to increase the probability of your trade and to confirm market direction


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Beyond Technical AnalysisChart PatternsdollarexpertgboLONGshortsignaltradeTrend AnalysisUSDUSDCAD

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