USD/CAD Trend Continuation with USD strengthening a support from last weeks Lows/Highs
Note
Very Minor drawdown upon entry, trade played out 100% to plan following TP 1-3.Upon arriving to final TP at Resistance #4, price wicks and closes lower towards Resistance #3. The Wicks at this level tells us that price is exhausted but still manages to retest resistance at R4 providing us with a selling opportunity.
Following same parameters risking 5pips targeting 20pips.
Entry confirmation would be on closure above 14
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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.