2022-01-12 12:53:45
#USDCAD: Not a bad chance for a reversal! Today we see that the pair has reached the lower border of the downtrend. I guess we can see the beginning of the reversal in the near future within the descending channel.
On the
4H chart, we see the key resistance line (
1.2493), a breakdown of the price below which will mean the prevalence of bearish sentiment in the market and, as a consequence, the price will continue to fall to new lows.
In case of growth, I assume a fairly confident movement, first to
1.2640, and then to the upper border of the channel
1.2740 Remember that countertrend trades are always more risky, use the minimum lot size.
Good trades friends, see you soon!
PREMUIM GROUP | ADMIN
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