I analyzed the chart with the beautiful concept called Harmonic pattern. I could see some interesting facts about USDCAD in 4 Hr timeframe and same pattern has been shared here. It is a butterfly harmonic pattern. We may see USD strengthening after news hours which is going to happen in one hour. I think adding small lots when it goes down is a good idea. All the best.
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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.