USDCAD: Rebound in short term?
In the last few sessions we have seen an interesting consolidation on intraday chart. From a technical perspective, this bearish leg could also be a 12345 impulsive structure. That said, some corrective structure is possible in short term. In this specific case, the problem is not "if" we reach the Target, but "when" we will reach it and from where the technical rebound will begin. Target1 at 1.36 with long position accumulation strategy (Buy the Dip).
Trade with care
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Trade with care
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📊 Let's see if it will be able to close the week above 1.3494 support:
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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.