USD/CAD testing strong resistance - wait for entry confirmation
- price testing important resistance at 1.336-1.3375
- up trend on 4 hour chart
- don´t enter this trade without clear confirmation, entry is confirmed if two 4 hour candles close under 1.336
- all indicators showing bearish trend reversal soon
- price is in ascending wedge after big down movement, in generell is this wedge followed by another big down movement to complete the formation/pattern
Good luck to all
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
