USD/CAD
USD/CAD has provided a nice setup with a impulse and correction on the weekly timeframe. It is still to complete the weekly pattern and create a lower low. At the moment we can see on the daily that it has started to reject the previous low creating a double bottom. We will be monitoring this pair on a 4h timeframe and wait for our entry. It's very risky to sell at this stage because the market could easily continue to the upside. If this pair will give us a valid entry, our take profit will be around 1.25650. Remember to use a profitable strategy that works for you before taking any trades and always remember risk management.
Trade closed manually
Closed out at break even.
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