price has been consistently bearish pointing towards a very negative sentiment on the dollar vs the Canadian pair, hence why we can anticipate certain pullbacks/retracement around ideal regions for better scaled in entries in favour of the trendline.
1:1.5 risk/reward ratio
1:1.5 risk/reward ratio
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Price has broken our area of fib region, although the price is still trading within the entry region. It would be safe to close the trade.