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FX_CouchPotato
21. Jul. 2017 14:43

CAD Long opportunity Long

OANDA:USDCAD240
USD/CADOANDA

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OANDA:USDCAD

CAD has been sawing down for several days, such behaviors usually indicative for weakening momentum. I am expecting a sharp upward move once resistance is broken towards 38.2% rentacement level. Stops below previous local low.
Trend Analysis
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