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U.S. Dollar / Canadian Dollar
Short
Updated

rising wedge and structure on dollar canadian

668
snapshot

hey traders,

dollar cad is approaching a significant level of resistance,
with rsi oversbought with divergence and weakening bullish momentum.

formation of a double top and rejection of 1.344 level is one more indication of upcoming bearish move.

now just wait and sell the breakout of the wedge with you targets based on structure.

good luck!
Note
Attempt to break
Trade active
Note
stop to entry
Trade closed: stop reached
market hit the entry
VasilyTrader
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Also on:
Chart PatternsdollarDouble TopForexTechnical IndicatorsstructureTrend AnalysisWedge

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Chart PatternsdollarDouble TopForexTechnical IndicatorsstructureTrend AnalysisWedge
VasilyTrader
✅Join My Telegram Channel: t.me/VasilyTrading

❗️YouTube Channel youtube.com/c/VasilyTrader

✅ Facebook: facebook.com/VasilyTrading/

⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Also on:

Related publications

Disclaimer

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.