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Euro / Canadian Dollar
Short

EURCAD retesting broken H&S ahead of Canada CPI.

67
After breaking the inverted H&S rate hike from BOC, it is consolidating for a month and formed a rising wedge on H4. With Canada CPI ahead it looks like it is going under as CPI is expected to be higher. Wait for wedge to break for the confirmation.
rf16saun
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CADEURCADeurcadshorteurcadshortsetupInverse Head and ShouldersshortshortsetupTrend Analysis

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CADEURCADeurcadshorteurcadshortsetupInverse Head and ShouldersshortshortsetupTrend Analysis
rf16saun
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.