USDCAD is in a consolidation on the 1hour chart. We seriously hope that this pair should go down as trading begins on Sunday. If the price of USDCAD goes down and breaks the support of our trading chartpattern formation that had formed a descending triangle formation, we hope to go short for this pair from 1.2309.
We believe to sell this pair once it breaks the support of our trading chartpattern that is currently in a consolidation state because both the RSI of the daily chart and the 4hour chart are below 50
SUMMARY; SELL USDCAD from 1.2309 or put stop sell order for USDCAD at 1.2309
Takeprofit is +70 pips and stoploss is -55pips
SEE YOU NEXT WEEK
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