USD/CAD market position
Updated
utilising the market trend as a general map of how price action is behaving, USD/CAD has been trading aggressively bearish. Despite price attempting to reverse, we see a strong confluence around current price region acting as a resistance for candlestick rejections as well as a key fib level.
risk/reward ratio 1:2
risk/reward ratio 1:2
Trade closed manually
NFP ahead which could cause a lot of manipulative price action, securing +50 pips on this trade.
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