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Sunday, September 19, 2021

USDCAD - BUY ABOVE @1.27

USDCAD - BUY ABOVE @1.27

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KEY REASONS FOR MORE BULLISH RUN ON USDCAD:
POSSIBLE LIQUIDITY GRAB (A FAKE-OUT) SPOTTED, AS PAIR IS BACK IN THE ASCENDING CHANNEL
STRONG SUPPORT LEVEL AND DEMAND ZONE SPOTTED ABOVE @1.26
POSSIBLE STRONG ACCUMULATION SPOTTED AT SAME DEMAND ZONE
CAD APPEARS WEAKENING ACROSS BOARD IN THE MEANTIME
USD APPEARS GAINING STRENGTH ACROSS BOARD, MAKING USD*** HAVE BULLISH RUN-OFFS IN MEANTIME


NB: A pullback to @1.27 can provide more reward, lesser risk buy position moves. The recent highs could be
taken out up until @1.30 or perhaps beyond. Interestingly, I've been trying to buy this pair since July ending.
I decided a buy entry early September and everything isn't looking bad at all at the moment.
Always remember that nothing is fixed in this FX market. So, obey your rules, your plans and management.
And bear the disclaimer below in mind. Thank you. Leave your comment below, please.

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.



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