USDCAD - Potential Short from Key Resistance Zone

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The USDCAD pair is testing a significant supply zone, a level that has consistently acted as resistance in the past. The strong upward momentum approaching this area may lead to a reversal as sellers look to regain control.

A bearish confirmation, such as rejection candles (e.g., shooting stars), bearish engulfing patterns, or long upper wicks, would strengthen the case for a short position. If this setup plays out, the price could head toward the 1.43928 level.

Traders should monitor price action closely for signs of selling pressure before entering short positions.

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İşlem aktif

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İşlem kapandı: hedefe ulaştı

Take Profit Hit

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Beautiful delivery :P