USDCAD Breakdown
After a multi-day consolidation period, the loonie appears to be preparing for a break to the downside. Rejection of bullish RSI trend support (02Mar-04Mar), imminent bearish T/K cross, and candle close below kumo at 1100EST all contribute towards a bearish outlook. Short position initiated at 1.0141 with stop at kumo top +5 pips. Will manually exit trade if multiple candles close back inside kumo.
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