UCAD has been on a pretty decent uptrend since the week and a half long bearish market.
This level has a better confluence In my opinion because of its connection to the golden ratio. I’m confident we can see the pair push up to 1.3484, but I don’t want to be greedy.
Trade closed: stop reached
The market was still in a valid overall downtrend because it never broke the 1.3434 region. It would've been best to go long only after it broke that level.
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