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U.S. Dollar / Canadian Dollar
Long

USDCAD Opportunity to enter LONG

By FX_CouchPotato
Updated
USDCAD

Pair is extremely oversold, currently hovering above the lower boundary of the channel, which is the support and solid horizontal level, indicator showing divergence.

Targeting upper boundary of the channel at 1.2490.

Stop at 1.2220
Note
The main move is unfolding, I am expecting some resistance at 1.24 before UC will test trend resistance line.
Trade closed: stop reached
Harmonic PatternsTechnical IndicatorsTrend Analysis
FX_CouchPotato

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