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Sunday, February 07, 2021

USDCAD Analysis Feb 7, 2021

USDCAD Analysis Feb 7, 2021

On the weekly timeframe we can see that there could be some downward movement to open up this week. Last week formed a hammer candle which is normally a sign of reversal. Down to the daily we are clearly very bearish and still maintaining the downtrend. Down to the H4 timeframe is where I’m going to look for a trend to follow. We just broker below the H4 support level which means I will look for short opportunities. If we remain below the 1.27700 level.

from Trading Ideas
via gqrds

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