USDCAD LONG
USDCAD is ready to break out of its ranging period.
We have a strong "Dragonfly doji" "Pin bar" on the Daily chart, the long lower wick indicates strong buying pressure from this area and rejection from weekly support level.
This pin bar rejection occured at a weekly key support level. Which means sellers could not break this support level. A trend reversal is likely to take place soon.
Sl below the wick of the lower tail.
Watch out, when this pair goes bullish, gold will sell.
Good luck
We have a strong "Dragonfly doji" "Pin bar" on the Daily chart, the long lower wick indicates strong buying pressure from this area and rejection from weekly support level.
This pin bar rejection occured at a weekly key support level. Which means sellers could not break this support level. A trend reversal is likely to take place soon.
Sl below the wick of the lower tail.
Watch out, when this pair goes bullish, gold will sell.
Good luck
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