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USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦
U.S. Dollar / Canadian Dollar
Short
USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦
By VasilyTrader
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Apr 8, 2022
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Apr 8, 2022
USDCAD is retesting a major broken trend line.
On that, the price is currently consolidating.
To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support.
Its violation will trigger a bearish continuation.
Goals will be 1.254 / 1.251
If the price breaks the trend line to the upside, the setup will be invalid.
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forexanalysis
forextrader
forextrading
fxsignals
fxtrading
Multiple Time Frame Analysis
Supply and Demand
Trend Lines
USDCAD
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