USD/CAD just broke through a horizontal which was tested a few times going back a month. A short setup is the retest of the horizontal to confirm the breakdown and continue downwards.
Entry --> 1.3844 Stop Loss ---> 1.3880 Take Profit--> 1.3760
Risk/Reward --> 2.3
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only. Please follow a proper risk management program when trading.