USDCAD Bearish

[OZER]

USDCAD had a significant growth in the last few weeks and currently, the support level at 1.29 is broken strongly and price is making a long bearish candle in 4H time frame which is engulfing the several previous candles.

Wait for the price to be closed first, and if it closed this long 4H candle below the red support level (1.29), then wait for a retest to the support area .

After the retest, if there was any bearish confirmation signal ( double top , H&S ) in the lower time frames (m30 or m15), we can enter short and expect a drop on USDCAD to 1.2768 and 1.27 in the future.

What is your side on USDCAD?
Feel free to share your ideas in the comments.

[Lenamaus]

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[KnightAssassin1]

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[Rednessthan]

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[nonconcurrence]

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[itseevee_x]

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[bbaddog13]

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[emeral]

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[Casabunga98]

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[khiva]

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[klaire]

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[gertrudgertruda]

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[malraux]

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[orangyoranges]

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