USDCAD Pattern Formation
Updated
This currency has been forming a very interesting pattern for the past few days, a ranging momentum. The sentiment is still bullish but let us first wait and see if it will retest the support zone to have more clarity on either a bullish or bearish entry point.
Note
The zone has been retested. Time for an an analysis using the 1H timeframe to have a clear entry position.Note
This will be a long position.
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