Good day traders, we back with USDCAD on the 4h TF. Well for this setup I am looking for price to take out out previous week low, previous week we had a candle stick pattern recognition after we saw price move lower but failing to close lower told a different story that price is not yet ready to start moving higher which honestly speaking was my bias last week. For the rest of the day I believe we can expect lower prices to close the day.
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