- Price has been respecting descending inner channel
- Price already formed an ABC setup, which is a bit clearer on the lower time frames, and has rejected the 50% level several times
- Take profit is based on the reverse ABC formation of the upward trend which lines up with support as well
- Sell stop order placed below were price is
USDCAD
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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.