Currency Pair: USD.CAD Time Frame: Weekly, Daily, 4hr & 1hr Predicted Direction: Short
USD.CAD updates will be available in the comments section below.
The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.
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Price to me looks like it's in consolidation prior to a continue push to the upside, i will wait to see how the next 3 / 4 candles play out.
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Textbook trade opportunity that simply failed to meet the entry rules. If you did execute this position then congratulations.