mngFX

USDCAD, Massive Drop ready to happen!

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OANDA:USDCAD   美元 / 加元
Hi Traders,

Looking at the price action we can see what used to be bullish momentum turned to sellers control. Price was moving with a HTF Wedge structure which had a reversal Impulse and created a LTF bearish continuation.

Looking for a drop to first target near 1.2550 then 1.2450 level if price can continue.

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