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U.S. Dollar / Canadian Dollar

USDCAD Reversal Pattern Forming

By csohrab
UCAD is forming a rising wedge reversal pattern. Price is starting to slow down which gives us an indication that we may soon reverse. Based on previous reversals for this pair it typically makes multiple rejections at resistance before finally falling. This looks like a really good opportunity next week. If resistance holds we will take a short position. I am not a financial advisor. This is not financial advice. This is for educational purposes only.
Double TopDouble Top or BottomformationLONGpatternreversalshortSupport and ResistanceUSDCADWedge

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