USDCAD is stretching up to a horizontal resistance zone. This zone has been retested multiple times and all time has reversed to lower lows, so there is a large profit potential in this trade.
Stop Loss placed slightly above highest level previously broken through, meanwhile Take Profit is placed near the horizontal support zone, although this could drop even further.
Stop Loss placed slightly above highest level previously broken through, meanwhile Take Profit is placed near the horizontal support zone, although this could drop even further.
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