USDCAD

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Within this prolonged descending channel we have a bearish engulfing right at the resistance of the channel. This is a potential reversal from the small rally.

SUMMARY.

A bearish indication within a downtrend is trading along the trend. Open lower time frames for further price action confirmation.


Disclaimer: This analysis is for educational and general information only and not advice or a recommendation to trade or invest. Do your own research/analysis and don’t blindly enter trades based on the analysis.