USDCAD H4 LONG PRICE ACTION FORECAST -UPDATE-

USDCAD was finally able to break through the consolidation where it has been trading for two weeks, having a bullish breakout has activated the P1 from the previous analysis, currently fighting against the last line of defense established by the 200 DMA.

MACD shows a bearish divergence, giving the trade some sour tone. With the trade already running, we must move into a shorter time frame to capture an early signal of reversion, allowing the prompt trade management in loss/profit


The order:
Type: sell-limit
S/L: 32 pips - R:R | 1:2 -
T/P: aiming towards next demand zone

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