USD/CAD has shown a weakness for weeks and continued the bearish move. The price tried to reverse the trend from the support level of 1.2695 but then faced a big rejection and continued falling before finding support at 1.2612. We see the trend is still going strong and proceeded to break 1.2612 too and did a retest. Once the price continues the move downwards after retest, we'll have our entry.
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This trade took several days but our trade was valid as long as SL was not hit and eventually the price reached our TP of 2R, a fine example of "patience pays in trading".