USD/CAD LONG
*FROM THE WEEKLY TIME-FRAME PRICE SEEMS TO BE FORMING THE LAST LEG OF A POSSIBLE W PATTERN.
*AT THE DAILY WE CAN SEE THAT PRICE HAS BEEN STRONGLY REJECTING RESISTANCE LEVEL 1.35062 GIVING US MORE CONFIRMATION THAT PRICE WANTS TO GO UP.
*4 AND 1 HOUR TIME FRAME SHOWS PRICE IS FORMING A DOUBLE TOP AT OUR MID SUPPORT/RESISTANCE LEVEL. BUT THIS COULD ALSO BE A PULLBACK BEFORE CONTINUING THE UPTREND.
TRADE IDEAS
1. PRICE WILL CONTINUE TO RISE AND IS CURRENTLY PULLING BACK BEFORE CONTINUING UPWARD.
2. PRICE IS CREATING THE LAST LEG OF THE M AND WILL FALL.
*AT THE DAILY WE CAN SEE THAT PRICE HAS BEEN STRONGLY REJECTING RESISTANCE LEVEL 1.35062 GIVING US MORE CONFIRMATION THAT PRICE WANTS TO GO UP.
*4 AND 1 HOUR TIME FRAME SHOWS PRICE IS FORMING A DOUBLE TOP AT OUR MID SUPPORT/RESISTANCE LEVEL. BUT THIS COULD ALSO BE A PULLBACK BEFORE CONTINUING THE UPTREND.
TRADE IDEAS
1. PRICE WILL CONTINUE TO RISE AND IS CURRENTLY PULLING BACK BEFORE CONTINUING UPWARD.
2. PRICE IS CREATING THE LAST LEG OF THE M AND WILL FALL.
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