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U.S. Dollar / Canadian Dollar
Short

rising wedge and structure on dollar canadian

By VasilyTrader
Updated
snapshot

hey traders,

dollar cad is approaching a significant level of resistance,
with rsi oversbought with divergence and weakening bullish momentum.

formation of a double top and rejection of 1.344 level is one more indication of upcoming bearish move.

now just wait and sell the breakout of the wedge with you targets based on structure.

good luck!
Note
Attempt to break
Trade active
Note
stop to entry
Trade closed: stop reached
market hit the entry
Chart PatternsdollarDouble TopForexTechnical IndicatorsstructureTrend AnalysisWedge
VasilyTrader
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