๐ Hello and welcome traders to another trade idea with Fobian
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๐ WE have sell conformation:
- USDCAD rebounded from downtrendline with bearish movement
- Price is based below key level at 1.3248
- MACD shows weakness in bullish momentum
- RSI broke uptrend
- It's expected for coming bearish Elliot wave 5 to target first support level at 1.3105
- then finally target demand zone at level 1.2995
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Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.