Payed out on the chart USDCAD has been seceding with lower lows followed by daily rejection. We are expecting the pattern to continue and the market to make a new low.
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Given the current status of this trade the market seems to be playing our direction. To ensure we can secure 0% risk this is when we set our stop losses towards our entries.
Yorum
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Retracement has been reached and rejected by the previous zones of rejection where the two bullish candles are. The next direction is breaking that low and finally hitting take profit.